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Rivian’s Cautious Outlook Sparks Investor Concerns Amid EV Market Challenges
Rivian’s Cautious Outlook Sparks Investor Concerns Amid EV Market Challenges
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BTCCSquare news:
Rivian Automotive's stock tumbled after reporting a return to negative gross margins in Q2, driven by soaring material costs and China's rare-earth metals export restrictions. The EV Maker now faces a perfect storm of supply chain disruptions, expiring U.S. tax credits, and looming tariffs that could add thousands to each vehicle's cost.
The company slashed its 2025 regulatory credit sales forecast by nearly half to $160 million, eliminating what was once pure margin. Rivian's revised guidance suggests breakeven gross margins for the year—a far cry from previous profitability expectations. All eyes now turn to the $45,000 R2 SUV launch, positioned as the linchpin for Rivian's turnaround strategy in an increasingly competitive EV market.
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