Rivian (RIVN) Cuts 2025 Delivery Guidance to 40k-46k Vehicles

One of the standouts of Rivian’s (RIVN) Q1 2025 letter to shareholders was its updated vehicle delivery guidance, which was revised negatively due to impacts brought by U.S. President Donald Trump’s economic policies.

In its quarterly letter to shareholders, Rivian stated that it is “not immune to the impacts of the global trade and economic environment,” even if it is currently producing all its vehicles in the United States.

Rivian’s Adjusted 2025 Vehicle Delivery Outlook

Rivian now expects to deliver between 40,000 and 46,000 vehicles in 2025, down from its previous range of 46,000 to 51,000 units, according to the company’s quarterly letter to shareholders. The company also raised its capital expenditure guidance to $1.8-$1.9 billion, up from $1.6-$1.7 billion. 

Rivian attributed the adjustments to global trade challenges, stating, “The current global economic landscape presents significant uncertainty, particularly regarding evolving trade regulation, policies, tariffs, and the overall impact these items may have on consumer sentiment and demand.” The company also stated that “these factors are expected to impact our global supply chain, material costs and access, capital expenditures, and market dynamics.”

Rivian reconfirmed its goal of achieving a “modest positive gross profit” in 2025, alongside adjusted losses of $1.7-$1.9 billion before interest, taxes, depreciation, and amortization.

Rivian’s Q1 2025 Achievements

The company’s first-quarter results beat Wall Street expectations, with a loss of 41 cents per share against a predicted 76 cents, and revenue of $1.24 billion versus $1.01 billion expected, according to LSEG data cited by CNBC. This performance, which marks Rivian’s second consecutive quarter of gross profit, unlocked another $1 billion investment from Volkswagen Group as part of a $5.8 billion joint venture focused on software and electrical architecture. 

Apart from its earnings, Rivian also highlighted that the R1S became the best-selling SUV priced over $70,000 in California in the first quarter of 2025. The company also completed over 36,000 demo drives during Q1 2025, its highest to date. The Rivian Adventure Network is making headway among EV owners as well, being recognized as having one of the best user experiences in the market.

EV.com recognizes Rivian’s resilience in the EV market despite tariff-related challenges. You can explore the best offers on Rivian electric vehicles and other EVs we have on our listings here.