Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars

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. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year. Rivian raised its capital expenditure guidance to between $1.8 billion and $1.9 billion due to the expected impact from tariffs. The company’s previous capex guidance was between $1.6 billion to $1.7 billion, according to its 2024 shareholder letter. Rivian’s earnings announcement comes days after both Ford and General Motors pulled their guidance for the year, citing economic uncertainty related to Trump’s tariffs. Ford said it expects the tariffs to add $2.5 billion in ... Read full article.