Tesla’s EV rival Rivian warns Trump’s trade war means it will sell fewer of its American-made cars than expected

Quick Summary:

Rivian warned it will only deliver between 40,000 to 46,000 vehicles in 2025 after 51,600 last year, revising its earlier guidance.

Capex spending will also be $200 million more than anticipated.

Scaringe was moreover frank about his inability to capitalize on Tesla haemorrhaging customers, with vehicle deliveries at Elon Musk’s company dropping 13% in the first quarter.

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Article Details

Author / Journalist: Christiaan Hetzner

Category: EconomyBusiness

Markets: United States

Topics: Volkswagen Autos Rivian Motors Tesla Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 12:34:27 (4 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 740 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 185 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28468494

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Official Website: fortune.com

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