"Shares of Rivian Automotive Inc. ( NASDAQ: RIVN) are changing hands for 8.8% less than a week ago, despite posting better-than-expected third-quarter results. The company reaffirmed its 2025 delivery guidance range of 41,500 to 43,500 units. It has also announced the launch of a new industrial AI and robotics startup called Mind Robotics. The share price is still 21.5% higher than a year ago, outperforming the S&P 500 in that time."
"Shares of 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."
"Rivian is grappling with significant obstacles. Second-quarter deliveries totaled 13,201 vehicles, a 32.2% increase year over year. This comes as Rivian prepares for the launch of its 2026 model year vehicles. The company reaffirmed its 2025 delivery guidance of 41,500 to 43,500 vehicles. It cited softening demand due to the expired EV tax credits, as well as economic uncertainties and shifting consumer sentiment, as well as tariffs that are increasing manufacturing costs. So, sales for the current quarter could be weak."
Rivian reaffirmed 2025 delivery guidance of 41,500 to 43,500 units while reporting slightly higher revenue year over year of $1.6 billion and a narrower-than-expected third-quarter loss. Shares declined 8.8% over the past week but remain 21.5% higher than a year ago and 20.6% above the year-to-date low in April. The company cites the expiration of federal EV tax credits, economic uncertainty, shifting consumer sentiment, and tariffs that raise manufacturing costs as headwinds. Rivian is pursuing cost efficiencies, strategic partnerships, an anticipated R2 SUV launch, and has launched an industrial AI and robotics startup, Mind Robotics.
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