Rivian Automotive (NASDAQ: RIVN) exited 2023 with as much or more momentum than its electric vehicle (EV) start-up peers, but that has slowly eroded through today. Investors might be wondering how Rivian is affected by tariffs since it produces all of its vehicles in the U.S., but the key is that the automaker imports crucial components such as batteries from South Korea and China. The analyst team also cut its 2025 delivery forecast to 37,000 units, which is down 20% from the middle of Rivian's current guidance.