Rivian begins a difficult year with a big slip in delivery operations

Rural Delivery Only 8640 cars in the first three months of 2024, the worst annual sign of the company since The end of 2022. But the company says that the slow start will not affect its total guidelines for this year – it still expects to provide between 46,000 and 51,000 volts by the end of 2025.

The company warned that the first quarter will be a challenge. In a phone call with analysts in February, the financial director of Rivian said that “the difficult demand environment, partially motivated by the effect of fires in Los Angeles” – as well as seasonal clouds on sales for the start of the year – will lead to fewer delivery operations. The company was still able to build 14,611 vehicles per quarter.

The soft first quarter comes in what is likely to be another year full of challenges for the company because it aims to issue EV in the big market in 2026.

Rivian has reformulated the R1S SUV truck and a small R1T truck to be It loses less on every sale. It is also a 10 % layoff of Employees last year. The results of these cost reducing efforts started in the financial results of 2024. In the last quarter of last year, the company recorded $ 170 million of positive total profits, although $ 60 million of this came from software and services.

But much still in the air for the Rivian. It plans to make and sell almost the same number of EVS this year as happened in 2024, which means that growth will not come until 2026. At the same time, the company warned in February that “changes in government policies and regulations” She hurts her efforts to strike those most humble signs.

These changes are coming. A few months after nonsense, President Trump Now he says he is committed to setting a 25 % tax On cars that are imported to the United States, as well as on certain parts they are brought to this country. Rivian builds EVS in Illinois, so it shouldn’t worry about the previous one – but the latter is still still.

Trump threatened to end or reduce Federal tax credit of $ 7,500, which helps at the high cost of rural vehicles. Rivian is currently trying to build a new factory in Georgia and tends to a $ 6.6 billion loan from the Ministry of Energy. This loan was It was completed a few days before Trump took officeBut Trump and Eileon Musk’s efforts to stop government payments – in many cases, illegally, according to the courts – can threaten this line.