Financial PerformanceRivian widened its full-year adjusted EBITDA loss guidance for 2025 to a loss of $2.0-$2.25bn, citing policy shifts, lower regulatory credit expectations, rising tariffs, and supply chain uncertainties as major headwinds.
Market CompetitionThe EV market is expected to grow more crowded and competitive, increasing the execution risk associated with Rivian's manufacturing volume expansion.
Regulatory ChallengesThe IRA credit elimination is expected to be a hurdle to R2 volumes, potentially delaying the R2 production ramp and reducing peak sales.