"Shares of Rivian Automotive Inc. ( NASDAQ: RIVN) popped nearly 6% but gave back most of that gain this past week. The company rolled out an extensive software update and recalled some vehicles. And its CEO predicted that fully self-driving vehicles would arrive "well before 2030." The share price is 22.6% higher than a year ago, outperforming the S&P 500 in that time."
"Shares of electric vehicle (EV) manufacturer Rivian have been on a rollercoaster this year, surging and then falling after its first-quarter report. They recovered somewhat since the second-quarter report. In the latest results, revenue was up slightly year over year to $1.6 billion. The company posted a narrower-than-expected loss. The company noted this quarter was likely its strongest delivery quarter of the year due to the expiration of federal EV tax credits. Wall Street sentiment on the stock was mixed after the report."
"The stock is 70.9% higher since its year-to-date low in April, despite facing challenges from reduced delivery targets and tariff pressures. However, it is countering those headwinds with cost efficiencies, strategic partnerships, and the anticipated R2 SUV launch next year. 24/7 Wall St. conducted some analysis to give investors a better idea of where they can expect the stock to be in a year. Let's take a look at whether Rivian can overcome its hurdles and return to growth."
Rivian's shares have fluctuated due to software updates, vehicle recalls, and mixed quarterly results, ending the week modestly higher and 22.6% above last year. Revenue rose slightly to $1.6 billion while losses narrowed and Wall Street sentiment remained mixed. Third-quarter deliveries increased 32.2% year over year to 13,201 vehicles, and 2025 delivery guidance was reaffirmed at 41,500 to 43,500 vehicles despite weaker near-term demand after federal EV tax credits expired. The company faces tariffs and reduced delivery targets but is pursuing cost efficiencies, strategic partnerships including a Volkswagen joint venture, and the R2 SUV launch to restore growth.
Read at 24/7 Wall St.
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