By coinnews 
00:00 Speaker A
Well Rivian out with their latest earnings report, let’s get to Yahoo Finance’s Price Subramanian with the latest results. They’re Price.
00:07 Pras
Yes, Rivian reported better than expected results and posted a second straight quarter of gross profits, but Trump’s tariffs on auto parts will push Rivian’s capex higher. So the good part, gross profit of $206 million, a second straight quarter for the company, and actually unlock an additional $1 billion payment from VW as part of their joint venture. So good news there, but the uncertain from tariffs means the company cut its 2025 delivery outlook to 40 to 46,000 units, and we’ll push that capex higher by 1.8 to 1.9 billion this year. Rivian maintained its 2025 adjust adjusted EBITDA loss projection of 1.7 to 1.9 billion. So that’s good, but they kind of added it there to the capex. Now for Q1, uh reported revenue of 1.24 billion versus 981 million estimated, and posted an EPS loss of 48 cents, narrower than the 92 cents estimate. That’s an EPS not not adjusted there.
00:57 Speaker A
Thank you, Price. Appreciate it, sir.