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Riviandeliveredjust 8,640 vehicles in the first three calendar month of 2025 , the company ’s defective quarterly mark since theend of 2022 . But the company enunciate the slow head start wo n’t bear on its overall counsel for the yr — it still expects to deliver between 46,000 and 51,000 EVs by the goal of 2025 .
The company warned that the first stern would be challenging . On a conference call with analysts in February , Rivian ’s chief fiscal officer said that a “ challenging requirement environment , partly driven by the wallop of the flame in Los Angeles ” — plus the seasonal drag on sales to start the year — would ensue in few pitch . The company was still able to build 14,611 vehicles in the quarter .
The soft first twenty-five percent comes in what is potential to be another challenging twelvemonth for the company as it direct to release a more affordable mass - grocery store EV in 2026 .
Rivian has reworked its flagship R1S SUV and R1 liothyronine pickup truck so that itloses less on each sale . It also lay off 10 % ofemployees last year . The results of those cost - cut efforts started to show in the fiscal results for 2024 . In the final twenty-five percent of last year , the company record a $ 170 million of positive gross profit , although $ 60 million of that came from software and service .
But much remains up in the air for Rivian . It is planning to make and sell just about the same number of EVs this class as it did in 2024 , mean growth wo n’t add up until 2026 . Meanwhile , the fellowship admonish in February that “ changes to administration policies and regulation ” couldhurt its efforts to hit those more modest scar .
Those changes are coming . After a few months of waffling , President Trumpnow says he ’s committed to placing a 25 % taxon car that are imported to the United States , and also on sealed voice that are brought into this country . Rivian builds its EVs in Illinois , so it does n’t have to worry about the former — but the latter could stick .
Trump has threaten to cease or scale down the $ 7,500 federal EV taxation credit , which helps blunt the high cost of Rivian ’s vehicles . Rivian is also presently attempt to build a new manufacturing plant in Georgia and is leaning on a $ 6.6 billion loan from the Department of Energy . That loan wasfinalized a few days before Trump take office , but Trump and Elon Musk ’s crusade to stop government activity payments — in many cases , lawlessly , according to the courts — could peril that lifeline .
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rectification : This story erroneously stated Rivian released delivery result for the first three calendar month of 2024 , not 2025 .
