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Tesla isn’t the only EV company having a bad quarter.
Rivian just released a miserable production and delivery report for the first quarter of 2025. The company produced 14,611 vehicles, but only sold 8,640 of them, a 36 percent drop year over year.
As noted by TechCrunch, Rivian warned last earnings call that its sales would be affected by the Los Angeles wildfires, as well as a “challenging demand environment.” Still, the company reaffirmed its full-year guidance to sell 46,000 to 51,000 vehicles in 2025.
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