Workers assemble second generation R1 vehicles to the ease of manufacture of the Rivian electric automobile in Normal, Illinois, US on June 21, 2024.
Joel Angel Juarez | Reuters
Rivian Automotive Negatively adjust its 2025 objectives for vehicle deliveries and capital expenses in the midst of President Donald Trump’s prices, but the company also reconfines its expectations of profits for the year.
The manufacturer of all electric vehicles said that it was “not immune to the impacts of world trade and the economic environment”, despite the production of all its trucks and seen in the United States in an Illinois factory.
“The current global economic landscape presents an important uncertainty, in particular with regard to the evolution of commercial regulations, policies, prices and the overall impact that these elements can have on the feeling and demand of consumers,” the company in its quarterly letter to shareholders on Tuesday.
The new Rivian directives include deliveries between 40,000 units and 46,000 units, against a range of 46,000 units to 51,000 units, and capital expenses between 1.8 billion and $ 1.9 billion, against previous councils between 1.6 billion and $ 1.7 billion.
Rivian has reconfirmed the plans to make a “modest positive gross benefit” this year, as well as $ 1.7 billion at $ 1.9 billion in losses on an adjusted basis before interest, taxes, damping and damping after its first quarter results have exceeded the expectations of Wall Street.
Here is how the company worked in the first quarter, compared to average estimates compiled by LSEG:
- Loss by action: 41 cents against a loss of 76 cents expected
- Income: $ 1.24 billion against $ 1.01 billion expected
In particular, the car manufacturer achieved its second consecutive quarter of gross profit during the first quarter – unlocking a billion dollars expected from Volkswagen group As part of its investment in Rivian after the formation of their joint venture – Rivian and VW Group Technology LLC.
The joint venture was announced last year as part of an agreement of $ 5.8 billion which includes funding from Rivian and VW using the manufacturer’s software and electrical architecture.
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