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Rivian Widens 2025 Loss Projection Amid Policy Headwinds
Rivian Widens 2025 Loss Projection Amid Policy Headwinds
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BTCCSquare news:
Rivian delivered mixed Q2 results, missing profitability targets as regulatory changes and lost EV tax credits weighed on performance. The electric vehicle Maker now projects 2025 adjusted EBITDA losses of $2.0-$2.25 billion, up from previous estimates of $1.7-$1.9 billion.
Policy impacts include the phase-out of federal EV tax credits and 25% tariffs on auto imports. Rivian's stock dropped 5% post-announcement despite beating revenue estimates with $1.303 billion in Q2 sales.
The company failed to achieve gross profitability for the quarter, marking a reversal from prior quarters. Market analysts note these developments highlight the challenges facing capital-intensive EV manufacturers in the current regulatory environment.
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