Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions. The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions. Read More
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 6.9% in the morning session after the company reported weak first-quarter vehicle deliveries of 8,640 units, marking a 36% decline compared to the same period in the previous year. While the delivery figure matched both internal guidance and market expectations, the sharp drop hinted at demand and/or production challenges.
The company also reaffirmed its full-year 2025 delivery guidance of 46,000 to 51,000 vehicles. However, the lack of an upward revision likely dampened investor sentiment.
Truist Securities noted that the numbers aligned with the company’s prior commentary and street estimates, although the shares could see headwinds today from Tesla reporting Q1 deliveries below estimates before market open.
Rivian shares drop as Q1 2025 deliveries fall 36.4% YoY, despite a 4.5% rise in production. The EV maker built 14,611 vehicles and delivered 8,640, aligning with previous forecasts.
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending March 31, 2025. The company produced 14,611 vehicles at its manufacturing facility in Normal, Illinois and delivered 8,640 vehicles during the same period.
Deepwater Asset Management's Gene Munster is bracing for disappointing Tesla Inc. delivery numbers when the electric vehicle maker reports first-quarter figures on Wednesday, warning investors that the coming months could be even more challenging.
Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
Investor sentiment was shocked by Trump's 25% tariff on auto imports, increasing inflation fears. But some ETFs performed well, with gains up to 22.8%.
The weekly round-up covers major developments in the EV space, including the FBI launching a task force over Tesla protest violence, Rivian spinning off its micromobility unit, Waymo facing hefty parking fines, and Ford exploring manual EV shifts—while experts debunk claims of coordinated attacks on Tesla.
The new auto tariffs revive and expand the logic of the original 1960s-era "chicken tax" — a 25% duty initially imposed on light trucks in retaliation for a European tax on American poultry.
