Rivian Reports Profit but Cuts 2025 EV Sales Forecast
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Rivian Automotive Inc. said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen demand for plug-in cars.
The company expects to sell between 46,000 and 51,000 EVs in 2025, it said in a statement as it reported fourth-quarter financial results. That’s below the roughly 54,800 average of analyst estimates compiled by Bloomberg. Adjusted earnings before interest, taxes, depreciation and amortization should be between negative $1.7 billion and negative $1.9 billion.
The guidance reflects Rivian’s view of the impact that could result from changes to tariffs, EV tax credit and regulatory credit policies that could weigh on sales, Rivian CEO RJ Scaringe said in an interview.
“We, as much as everyone else, are very much closely watching what’s going to happen with tariffs around our supply chain, which will drive cost up and could ultimately lead to potential price changes,” he said.
The forecast highlights the pressure on EV makers and other car companies from potentially huge policy changes by President Donald Trump has vowed to gut his predecessor’s efforts to bolster consumer adoption and production of EVs, and has threatened steep tariffs that risk hitting all automakers with higher costs.
The outlook also comes as the company posted its first quarterly gross profit, a long-held goal. Its fourth-quarter figure of $170 million easily topped the $32 million expected by Wall Street.
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