Raven said in a report on Tuesday that he would provide less vehicles this year compared to President Trump’s prices and other regulatory changes this year compared to pre -forecasts, which would become the latest automaker of the new administration being affected by economic policies.
The company said on Tuesday that it expects to supply between 40,000 and 46,000 EVs by the end of 2025. Revenue is despite the saying of Raven A month ago It was still estimated to provide 46,000 to 51,000 vehicles during this year. Revenue increased its investment guidance between 1.8 billion to $ 1.9 billion due to the expected impact on revenue. The company’s former Capex guidance was between $ 1.6 billion to $ 1.7 billion, According to its 2024 shareholder letter.
Revenue announcement of Raven’s revenue, citing the economic uncertainty of Trump’s rates, has come up a few days after both Ford and General Motors have been drawing their guidance for the year. Ford said he expects revenue to increase by $ 2.5 billion during 2025, while GM told investors that it was expected to impact about $ 5 billion.
Revenue warned investors in February that “change in government policies and regulations, and a difficult environment for demand,” could endanger the demand for its vehicles. Matters can only be more difficult when the Trump administration, Congress, or both Decide to kill For EV, Federal Tax Credit of 7,500.
The supply of less than 46,000 EVs will be one step behind for an electric automaker, as the company was already tracking its third straight year, with no increase in volume before the cut. Raven delivered 51,579 vehicles in 2024 and 50.122 in 2023. The company’s more affordable R2SUV, which is expected to provide in the higher number, will not come to 2026.
The company said on Tuesday that it was able to make a total profit of $ 206 million in the first quarter of 2025 on 8.640 delivery. It was the second straight quarter in which the company was able to make a total profit. This first quarter’s overall profit was especially important as it met the milestone of a deal that opened about $ 1 billion from the Volkswagen Group as part of a joint venture with the German Automaker.
Although the gross profit can be good on the balance sheet, net income provides a more realistic view of costs. The company has reported a reduction of 1 541 million in the quarter, which is significantly improved by the loss of $ 1.4 billion in the same year.
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Automotive Revenue stood at $ 1.12 billion to $ 922 million in the first quarter of 2024, though the total revenue increased slightly a year thanks to the company’s software and sales sales.
The total software and services income for the first quarter of 2025 was $ 318 million, an increase of about $ 88 million in the same period last year. Revenue supported this increase in its new vehicle electrical architecture and software development services, increasing marketing sales, and increasing repair and maintenance services.
This article was first published at 4:06 pm. It has since been updated with information from Revenue’s income call.