Rivian cuts delivery guidance because of Trump’s tariffs and trade wars

Rivian says that less vehicles will probably be supplied this year than the previous forecast due to President Trump’s tariff and other regulatory changes, which has turned the latest automaker to the new administration’s chaos economic policy.

The company said on Tuesday that it is expected to supply 1 to 4 46,3 EVs by the end of 2021. This is despite the Revion speech A month ago It still retains the estimate of the supply of 46,000 to 51,000 vehicles throughout this year.

Referring to Trump’s customs economic uncertainty, the announcement came a few days after the Ford and General Motors pulled their direction for the year. Ford said they were hoping to spend $ 2.5 billion dollars by 2021, when GM informed investors that it was expected to have about $ 5 billion.

Rivian warned investors in February that “a change in government policies and rules, and a challenging demand environment” could threaten its vehicles. If the Trump administration, the Congress or both the issues can be more challenging Decide to kill For EVS, 7,500 Federal Tax Credit.

The electronic car manufacturer supplied by less than 46,000 will be one step back for the manufacturer, as the company is already tracking directly for the third year without increasing any volume before cutting the guidance. Rivian provided 5,799 vehicles in 2021 and 1,222 vehicles in 2021. The company’s more affordable R2 SUV, which is expected to supply it in a larger number, will not come until 2026.

The company said on Tuesday that it was able to make a total of $ 206 million in a $ 206 million delivery in the first quarter of 2021. It was the second direct quarter to make the company a total profit.

Although the total profit looks good on the balance sheet, net income costs a more realistic view of expenditure. The company said that the net income lost more than $ 540 million in the quarter. In the first quarter of 2021, automotive revenue stood at $ 922 million dollars for $ 922 million, though the total income to encourage the company’s software and services to sale has increased someday.