Rivian Distribution Only 8,640 vehicles in the first three months of 2024, from the worst quarterly mark of the company The end of 2022The However, the company says that the slow start will not affect its overall direction for the year – it still expects to supply 46,000 to 51,000 EVs from the end of 2025.
The company warned that the first quarter would be challenging. At a conference with analysts in February, the Chief Financial Officer of the Riviens said that a “challenging demand environment, partially powered by the influence of the fire in Los Angeles – as well as the seasons to start the year – will be less distributed as a result. The company was still able to make 14,611 vehicles by the quarter.
The soft first trimester has come into the first trimester that may probably be another challenging year because it aims to publish a more affordable mass market EV in 2026.
Rivian re -worked on its flagship R1 SSUV and R1 pickup truck so that it lost less in each sale. It also gave up 10% of the employees last year. The results of this expenditure attempt began to show the results of the 2021 financial results. In the final quarter of last year, the company recorded $ 170 million positive total profit, though $ 60 million came from software and services.
However, many things remain in the air for the revionists. It is planning to create and sell almost the same number of EVs this year as in 2021, which means that growth will not grow until 2026. Meanwhile, the company warned in February that the “change in government policies and rules” could damage the effort to injure more models.
Those changes are coming. After a few months of shaking, President Trump has now said that he is committed to keeping 25% tax on imported cars in the United States and some parts brought to this country. Rivian Illinois produces its EVs, so it doesn’t need to worry about the previous – but later the sting can still be sting.
Trump has threatened, the 7,500 Federal EV tax is to end or reduce the credit, which helps the revion’s high cost of vehicles. Rivian is currently trying to build a new factory in Georgia and is leaning $ 6.6 billion LOAN from the energy department. The loan was finalized a few days before Trump took over, but the attempt to stop the official payment of Trump and Elon Mask – in many cases, according to the court illegally – this could threaten this lifeline.