Core Insights - Rivian announced a $120 million investment to build a supplier park near its factory in Normal, Illinois, aimed at reducing logistics costs and accelerating production of the 2026 Rivian R2 SUV [1][3] - The supplier park will cover 1.2 million square feet and is expected to create hundreds of jobs, directly generating nearly 100 positions [1] - This initiative is part of Rivian's strategy to address U.S. import tariffs and reduce reliance on imported parts, aligning with similar moves by other automakers [3] Investment and Expansion - Rivian previously announced a $1.5 billion plan to expand its factory in Illinois [1] - The Illinois government will provide $16 million in incentives, including over $5 million in tax breaks and capital grants, in exchange for Rivian's commitment to invest at least $119.6 million and create 93 jobs [3] - The current annual production capacity of the Normal factory is 215,000 vehicles, producing R1T pickups, R1S SUVs, and commercial electric vans [3] Future Production Plans - Rivian has paused construction of a new factory in Georgia to conserve cash and has shifted R2 production to the Normal facility, with mass production expected in the first half of 2026 [3] - The company secured a $6.6 billion loan from the U.S. Department of Energy, planning to resume construction in Georgia in 2026 and start producing R2 and subsequent R3 crossover models in 2028 [3]

Market Performance - Market indexes experienced a decline, with the Dow dropping 389 points (-0.95%), S&P 500 down 43 points (-0.77%), Nasdaq falling 154 points (-0.87%), and Russell 2000 losing 21 points (-1.05%) [1] Company Earnings Reports - Advanced Micro Devices (AMD) reported earnings of 96 cents per share, beating estimates by 3 cents, with revenues of $7.44 billion surpassing the projected $7.12 billion. Forward revenue guidance was raised to $7.4 billion [3] - Wynn Resorts (WYNN) reported earnings of $1.07 per share, missing the estimate of $1.22, and revenues of $1.7 billion, slightly below the $1.73 billion estimate. The company announced a share buyback program, but faces challenges due to tariff concerns affecting its domestic locations [4] - Rivian Automotive (RIVN) posted a narrower loss of 41 cents per share compared to the expected 80 cents, with revenues of $1.24 billion exceeding the $1.02 billion estimate. The gross profit of $206 million positions the company favorably with Volkswagen, which has invested in Rivian [5] Upcoming Earnings Expectations - The Walt Disney Co. (DIS) is expected to report fiscal Q2 earnings with a projected decline of 2.48% in earnings growth, while top-line growth is anticipated at 4.77%. The Parks division and the film "Thunderbolts" are expected to attract significant interest [6] Federal Reserve Meeting - The Federal Open Market Committee (FOMC) meeting is concluding, with no expected change in interest rates. Fed Chair Jerome Powell will address questions regarding the timeline for potential rate reductions and his position before the end of his term in 2026 [7]

Rivian Automotive (RIVN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Derek Mulvey - VP - FinanceRobert Scaringe - Founder, CEO & Chairman of the BoardClaire McDonough - CFOJavier Varela - Chief Operations OfficerAdam Jonas - Head of Global Auto & Shared Mobility ResearchShreyas Patil - Vice President - Equity ResearchJoseph Spak - Managing DirectorPhilippe Houchois - Managing DirectorRonald Jewsikow - Director Conference Call Participants Dan Levy - Senior Equity Research AnalystMark ...

Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies.The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-41042 Rivian Automotive, Inc. (Exact name of registrant as specified in its charter) | Delaware | 14600 Myford ...

Rivian Automotive (RIVN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Welcome to today's Q1 earnings result hosted by Rivian. At this time, all participants are in a listen only mode. After the speakers' presentation, we will conduct a question and answer session. I'll now turn the call over to Derek Mulvey, Vice President, Finance. Speaker1 Good afternoon, and thank you for joining us for Rivian's first quarter twenty twenty five earnings call. Today, I am joined by RJ Skarinj, our CEO and Found ...

Rivian Automotive (RIVN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Derek Mulvey - VP - FinanceRobert Scaringe - Founder, CEO & Chairman of the BoardClaire McDonough - CFOJavier Varela - Chief Operations OfficerAdam Jonas - Head of Global Auto & Shared Mobility ResearchShreyas Patil - Vice President - Equity ResearchJoseph Spak - Managing DirectorPhilippe Houchois - Managing DirectorRonald Jewsikow - Director Conference Call Participants Dan Levy - Senior Equity Research AnalystMark ...

Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump's tariffs, but the company is also reconfirming its earnings expectations for the year.The all-electric vehicle manufacturer said it is "is not immune to the impacts of the global trade and economic environment," despite producing all of its trucks and SUVs in the U.S. at a factory in Illinois."The current global economic landscape presents significant uncertainty, particularly ...

Rivian says it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year. Rivian’s announcemen ...

During the first quarter of 2025, we advanced the development of R2, progressed operational efficiency, increased our brand awareness, expanded our commercial footprint, and drove towards profitability. This quarter was our second consecutive and highest quarter of positive gross profit, generating $206 million. R2 builds upon our industry-leading technology platform which enables Rivian to reduce the cost of the product while still delivering an exciting combination of performance, capability, and utility. ...