Rivian starts a challenging year with a big slip in deliveries
1. Rivian's Q1 2024 deliveries fell to 8,640, the lowest since 2022. 2. The company expects 46,000-51,000 deliveries by the end of 2025. 3. Challenging demand environment influenced by Los Angeles fires affects sales. 4. Plans to release a more affordable EV by 2026 amidst uncertainty. 5. Government policies and regulations could hinder growth and funding.