Rivian Cuts 2025 Delivery Forecast Amid Demand, Trade Challenges

Electric vehicle manufacturer Rivian Automotive reported third-quarter deliveries of 13,201 vehicles, exceeding analyst expectations but signaling a slowdown from previous years. The company narrowed its 2025 delivery forecast to between 41,500 and 43,500 vehicles, marking a nearly 16% decline from 2024's 51,579 deliveries, and this represents the third downward revision of its annual guidance amid shifting market conditions. Challenges include heightened competition, waning customer interest, and regulatory and financial headwinds, including a $100 million loss linked to the Trump administration's rollback of U.S. emissions standards and the expiration of the $7,500 federal EV tax credit. Additionally, U.S. regulators are investigating potential seatbelt defects in over 17,000 Rivian electric delivery vans, adding further concerns. Despite these issues, Rivian is investing in growth with a new assembly plant in Georgia and preparing to launch the more affordable R2 SUV to expand its market appeal. The company's stock has reacted negatively to the delivery cuts, reflecting investor apprehension about demand and future prospects.