Electric vehicle maker Rivian has cut its 2025 delivery target due to tariff pressures stemming from trade tensions. The company warned that these tariffs, linked to policies initiated under the Trump administration, could reduce the number of American-made cars it sells. Rivian also anticipates an increase in capital expenditure of at least $150 million due to these challenges. Despite this, the company achieved gross profit in Q1 but remains cautious about future guidance.
— new from Barron’s