Rivian CEO RJ Scaringe voiced concerns regarding the company's 2025 outlook, indicating that potential tariffs and the elimination of electric vehicle (EV) credits pose significant uncertainty. Despite exceeding expectations in its fourth-quarter earnings report, Rivian's forecast for vehicle deliveries fell short of market expectations. Scaringe acknowledged that both tariffs and benefits removal could affect pricing, although he previously downplayed potential impacts. The company reported $170 million in gross profit, but the 2025 delivery estimate between 46,000 and 51,000 units is lower than anticipated by Wall Street and less than their 2024 delivery of 52,000.
"There's certainly a lot of uncertainty," Rivian CEO RJ Scaringe said in a CNBC interview. "Our 2025 outlook provides a comprehensive view of tariffs and consumer incentives."
"I don't think removing a $7,500 credit is going to change the end state," Scaringe told Business Insider, asserting the industry's shift to electric remains intact.
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