<ul><li>Rivian delivered 8,640 vehicles in Q1 2024, its worst quarterly performance since Q4 2022.</li><li>The slow start in deliveries is not expected to impact Rivian's guidance for the year, with a target of 46,000 to 51,000 EVs by the end of 2025.</li><li>Rivian faces challenges as it aims to release a more affordable mass-market EV in 2026, but has reworked its flagship models to reduce losses on each sale.</li><li>Uncertainties for Rivian include potential impacts of government policy changes, such as the imposition of a 25% tax on imported cars and potential reduction of the federal EV tax credit.</li></ul>

Rivian starts a challenging year with a big slip in deliveries

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