Reported 1 day ago
Rivian has reported a better-than-expected gross profit in Q1, achieving $206 million, but President Trump’s tariffs are set to increase their capital expenditures to between $1.8 billion and $1.9 billion. The company has lowered its 2025 delivery forecast from 51,000 to 46,000 units and plans to produce its upcoming R2 model by 2026. Despite these challenges, Rivian aims to use a $6.6 billion DOE loan to support future growth while navigating the impacts of evolving trade regulations on its cost structure.
Source: YAHOO