Rivian Automotive (RIVN) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.80. This compares to loss of $1.19 per share a year ago.
Rivian said in its earnings report Tuesday 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.
Rivian Automotive cut its outlook for vehicle deliveries and upped expectations for capital expenditures for the full year, as evolving tariff policies rattle guidance for the electric vehicle maker.
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.