Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending but reconfirming its earnings expectations for the year amid President Donald Trump's tariffs. Rivian's new guidance includes deliveries of between 40,000 units and 46,000 units and expenditures of between $1.8 billion and $1.9 billion.
Rivian says it will likely deliver fewer vehicles this year than previously forecasted due to President Trump's tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration's chaotic economic policies.
Shares of Rivian Automotive (NASDAQ:RIVN) were flat through a.m.
Unless you've been purposely avoiding the news, you've surely heard about the Trump administration's tariffs. While Trump has used tariffs as bargaining chips and to influence foreign policy, the auto industry has been concerned that it could see raised prices, reduced sales, and less profit.
Rivian (RIVN 0.51%) recently reached a long-held goal in its development. It is producing its electric trucks at scale.
Rivian Automotive (RIVN) reachead $13.76 at the closing of the latest trading day, reflecting a +0.73% change compared to its last close.
Zacks.com users have recently been watching Rivian Automotive (RIVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans before and after the election of Donald Trump, a strategy used to soften the blow of the president's tariffs, according to Bloomberg News.
Rivian Automotive (RIVN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Electric vehicle (EV) maker Rivian (RIVN 4.42%) has proven to be a painful investment for most people who have owned the stock: Its shares today trade 93% below the all-time high of around $172 they hit in November 2021, just days after the company went public. To be fair, however, the stock was relatively overvalued at the time.
Rivian (RIVN 4.42%) is expected to report earnings on May 6. So far this year, shares of the EV maker have been weak, falling by more than 10%.
2025 has been a tough year for electric vehicle stocks. Companies like Lucid Group and Tesla have seen their valuations plummet.