Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars

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TechCrunch 17h ago

Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars - TechCrunch

Quick Summary:

Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies.

Rivian credited the increase to its new vehicle electrical architecture and software development services, increased remarketing sales, and an increase in repair and maintenance services.

Rivian warned investors in February that “changes to government policies and regulations, and a challenging demand environment” could threaten demand for its vehicles.