Rivian announced on Tuesday that it will likely deliver between 40,000 and 46,000 electric vehicles in 2025, significantly lowering its earlier guidance due to tariffs and regulatory shifts initiated by President Trump’s administration. Just one month ago, the automaker had matched its original projection of delivering from 46,000 to 51,000 vehicles for this year.
The company’s revised forecast mirrors similar moves by industry heavyweights Ford and General Motors, both of which recently withdrew their yearly projections citing economic turbulence related to Trump’s tariff policies. Ford has estimated an additional $2.5 billion in costs for the current year from tariff-related expenses, while GM anticipates around $5 billion in additional costs.
In February, Rivian had cautioned investors about potential pressures on demand from “changes in governmental policy and regulations,” and warned that any decision by the administration or Congress to abolish the $7,500 federal electric vehicle tax credit would further complicate the market.
This decline in forecast marks yet another setback for Rivian, which has struggled to regain momentum after two consecutive years of flattened growth—in 2024, Rivian delivered approximately 51,579 vehicles, and in 2023, the company posted 50,122 deliveries. Its more affordable R2 model, projected to drive higher sales volumes, is not expected until 2026.
Despite the grim warning over delivery numbers, Rivian reported achieving $206 million in gross profit on 8,640 deliveries during the first quarter of 2025, marking two consecutive quarters with positive gross profit. However, that achievement masks broader financial challenges, including a net loss exceeding $540 million for the quarter. Automotive revenue slid to $922 million from $1.12 billion in the same period last year, although total revenues rose slightly year-over-year due to increased sales in its software and services segments.
