Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive on Tuesday beat Wall Street’s expectations for the first quarter and confirmed its 2025 earnings targets, but negatively adjusted its 2025 targets for vehicle deliveries and capital spending amid President…

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Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025

Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the…

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VW’s Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share

VW’s Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share

Scout Terra pickup truck and Scout Traveler SUV concepts Scout LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume. Volkswagen revived Scout, which was an American brand from 1961 to 1980, and revealed production-intent vehicles of its Terra pickup truck…

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Tesla shares slide after it reports first drop in annual deliveries

Tesla shares slide after it reports first drop in annual deliveries

Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 Total annual production 2024: 1,773,443 Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023….

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