The workers assemble second generation R1 vehicles at the manufacturer’s manufacturer of the electric manufacturer Rivian in Normal, Illinois, on June 21, 2024.
Joel Angel Juarez | Reuters
Rivian Automotive Beating Wall Street’s expectations for the first quarter and confirmed its profits in 2025, but has negatively adjusted its 2025 objectives for vehicle deliveries and capital expenses in the tariffs by President Donald Trump.
The manufacturer of all electric vehicles said that it was “not immune to the impacts of world trade and the economic environment”, despite the production of all its trucks and seen in the United States in an Illinois factory.
“The current global economic landscape presents an important uncertainty, in particular with regard to the evolution of commercial regulations, policies, prices and the overall impact that these elements can have on the feeling and demand of consumers,” the company in its quarterly letter to shareholders on Tuesday.
The new Rivian directives include deliveries between 40,000 units and 46,000 units, against a range of 46,000 units to 51,000 units, and capital expenses between 1.8 billion and $ 1.9 billion, against previous councils between 1.6 billion and $ 1.7 billion.
Rivian has reconfirmed the plans to make a “modest positive gross benefit” this year, as well as $ 1.7 billion at $ 1.9 billion in losses on an adjusted basis before interest, taxes, damping and damping after its first quarter results have exceeded the expectations of Wall Street.
Here is how the company worked in the first quarter, compared to average estimates compiled by LSEG:
- Loss by action: 41 cents against a loss of 76 cents expected
- Income: $ 1.24 billion against $ 1.01 billion expected
In particular, the car manufacturer achieved its second consecutive quarter of gross profit during the first quarter – unlocking a billion dollars expected from Volkswagen group As part of its investment in Rivian after the formation of their joint venture – Rivian and VW Group Technology LLC.
Rivian recorded a gross profit, which includes production and sales but does not take into account other expenses of $ 206 million in the first quarter. This is compared to $ 170 million during the fourth quarter.
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The joint venture was announced last year as part of an agreement of $ 5.8 billion which includes funding from Rivian and VW using the manufacturer’s software and electrical architecture.
Rivian said he had ended the first quarter with $ 8.5 billion in liquidity, including $ 7.2 billion in cash, cash equivalents and short -term investments.
The results of the company’s first quarter were helped by an increase in sales of automotive regulatory credits of $ 157 million, as well as by an increase in income from software and services of $ 318 million, compared to $ 88 million a year earlier.
On an unresolved net basis, Rivian reduced its losses to $ 541 million during the first quarter. This is compared to around 1.5 billion dollars a year earlier and $ 743 million in the fourth quarter.
Rivian’s results compare to EV Rival Lucid groupWho declared on Tuesday mixed results in the first quarter, while reconfirming its production guidelines in 2025 of approximately 20,000 vehicles and capital expenses of $ 1.4 billion.
Lucid declared a loss of 20 cents per share against an expected loss of 23 cents, according to LSEG estimates, and a turnover of $ 235 million against 249 million dollars expected.