Rivian cuts delivery guidance because of Trump's tariffs and trade wars
1. Rivian forecasts lower vehicle deliveries due to tariffs and regulations. 2. Expected deliveries now between 40,000 and 46,000 EVs in 2025. 3. Fewer deliveries mark a decline in growth trend for Rivian. 4. Company's gross profit reported at $206 million, but net income loss exceeds $540 million. 5. Automotive revenue fell from $1.12 billion to $922 million year-over-year.