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.
Gross Margin OutlookThe company updated their full-year 2025 gross margin outlook to 'roughly breakeven,' a lower revised number from earlier guidance for a modest positive gross profit.