Rivian's new guidance includes deliveries of between 40,000 units and 46,000 units and expenditures of between $1.8 billion and $1.9 billion.

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

Electric vehicle makers Rivian and Lucid warned of higher costs from U.S. tariffs on imported vehicles and auto parts, even as automakers scramble to rework sourcing of critical supplies and minimize disruption.