Rivian’s latest report sent shockwaves through the EV industry, revealing a staggering 36% drop in Q1 2025 deliveries. The company managed to ship only 8,640 vehicles, a sharp fall from last year’s 13,588. Despite surpassing analyst expectations of 8,200 units, the steep decline has raised alarms about weakening EV demand and operational challenges. CFO Claire McDonough cited softer demand and disruptions from fires in Los Angeles, though details remain scarce. The uncertainty surrounding Rivian’s production and logistics is fueling speculation about deeper troubles. Investors reacted swiftly, sending shares down 2.5% in premarket trading. With the EV market facing mounting pressure under President Trump’s policies, Rivian must act fast to regain momentum. Will the company bounce back, or is this the beginning of a prolonged struggle? The coming months could decide Rivian’s fate in an increasingly volatile industry.
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Rivian’s Shocking Q1 Delivery Plunge: What’s Happening Now?
Electric Vehicle Maker Faces Demand Woes, Beats Estimates Rivian, a prominent name in the electric vehicle manufacturing space, has just...
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