"Shares of electric vehicle (EV) manufacturer Rivian have been on a rollercoaster this year, surging and then falling after its first-quarter report. They have 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 66.3% 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 are up 45.2% year over year and 10.5% higher than a week ago despite a recall of nearly 35,000 vehicles and another round of layoffs. Quarterly revenue rose slightly to $1.6 billion while losses narrowed, with the company citing a likely strongest delivery quarter due to expired federal EV tax credits. Third-quarter deliveries reached 13,201 vehicles, up 32.2% year over year, and 2025 delivery guidance was reaffirmed at 41,500 to 43,500 vehicles. The company faces softening demand, tariff-driven cost pressures, and reduced targets but is offsetting headwinds through cost efficiencies, strategic partnerships, an anticipated R2 SUV launch, and a $5.8 billion joint venture with Volkswagen that bolstered cash.
Read at 24/7 Wall St.
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