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Rivian CEO says uncertainty over tariffs and elimination of EV credits contributed to carmaker's lower guidance

Summary by Business Insider
RJ Scaringe said the company is "building the resilience to respond to" possible tariffs and consumer credits.Patrick T. Fallon / AFPRivian CEO RJ Scaringe addressed weak guidance for 2025, citing uncertainty.Scaringe said tariffs and EV credit removal could impact pricing and the shift to electrification.President Donald Trump has threatened tariffs on Canada and Mexico.Despite beating expectations with its fourth-quarter earnings release on Th…

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Business InsiderBusiness Insider

Rivian CEO says uncertainty over tariffs and elimination of EV credits contributed to carmaker's lower guidance

RJ Scaringe said the company is "building the resilience to respond to" possible tariffs and consumer credits.Patrick T. Fallon / AFPRivian CEO RJ Scaringe addressed weak guidance for 2025, citing uncertainty.Scaringe said tariffs and EV credit removal could impact pricing and the shift to electrification.President Donald Trump has threatened tariffs on Canada and Mexico.Despite beating expectations with its fourth-quarter earnings release on Th…

·United States
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CBT Automotive NetworkCBT Automotive Network

Rivian posts $170M profit in Q4 but forecasts lower sales for 2025

The electric vehicle (EV) maker, Rivian, reported robust fourth-quarter results, surpassing Wall Street earnings expectations and achieving its first-ever gross quarterly profit of $170 million. However, the EV maker anticipates lower sales for 2025, forecasting deliveries between 46,000 to 51,000 units. This move would be a decrease from the previous 51,779 units delivered in 2024.  In addition, the EV maker expects to narrow its adjusted losse…

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Transport TopicsTransport Topics

Rivian Reports Profit but Cuts 2025 EV Sales Forecast

Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.

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Transport Topics broke the news in on Thursday, February 20, 2025.
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