Competitive MarketThe EV market is expected to grow more crowded and competitive, increasing the execution risk associated with Rivian's manufacturing volume expansion.
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.
Regulatory ChallengesThe IRA credit elimination is expected to be a hurdle to R2 volumes, potentially delaying the R2 production ramp and reducing peak sales.