Transportation
Rivian Warns of First Annual Sales Decline as Policy Risks Loom
A Rivian R1T electric vehicle pickup truck at the company's showroom in New York.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Rivian Automotive Inc. tumbled after warning it’s poised for a first-ever decline in electric-vehicle deliveries in 2025, heralding a new challenge after the company achieved a long-held profitability goal.
The EV maker on Thursday said it expects to sell between 46,000 and 51,000 plug-in SUVs, vans and pickups this year, down from 51,579 in 2024. Analysts had expected 54,800 deliveries on average for 2025, according to estimates compiled by Bloomberg.