Rivian begins a challenging year with a big fiche in deliveries

Rivian supplied Only 8 640 vehicles in the first three months of 2024, the company’s youngest brand after End of 2022S But the company says a slow start will not affect its general guidance for the year – it still expects to deliver between 46,000 and 51,000 EVS by the end of 2025.

The company warned that the first quarter would be a challenge. During a conference conversation with analysts in February, Rivian’s Chief Financial Officer said that “a challenging search environment, partly guided by the impact of fires in Los Angeles” – plus the seasonal drag on sales to start the year – would lead to less supplies. The company still managed to build 14 611 vehicles in the quarter.

The soft first quarter comes to what is likely to be another challenging year for the company, as it aims to launch a more accessible mass market EV in 2026.

Rivian has reworked its leading SUV R1s and R1t pickup so that it is loses less at any saleS He also released 10% of Employees last yearS The results of these cost reduction efforts began to show in the financial results for 2024. In the last quarter of last year, the company recorded $ 170 million in a positive gross profit, although $ 60 million came from software and services.

But there is a lot to remain in the air for Rivian. He plans to make and sell approximately the same number of EVs this year as in 2024, which means that growth will not come until 2026. Meanwhile, the company warned in February that “changes in government policies and regulations” may hurt your efforts to hit those more scoring ratingsS

These changes are coming. After a few months of waffles, President Trump Now says he committed to putting a 25% tax on cars that are imported to the United States, as well as certain parts imported into this country. Rivian builds his EVS in Illinois, so you don’t have to worry about the first one – but the latter can still sting.

Trump has threatened to terminate or reduce the $ 7500 Federal EV tax credit, which helps to dull the high cost of Rivian’s vehicles. Rivian is also also trying to build a new factory in Georgia and is a loan of $ 6.6 billion from the Ministry of Energy. This loan was finalized a few days before Trump took officeBut Trump and Elon Musk’s efforts to stop government payments – in many cases, illegally, according to the courts – could endanger this rescue line.