"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 and sequentially to $1.3 billion. However, the company also posted a wider-than-expected loss and widened its full-year loss projection due to tariffs and the loss of EV tax credits. This reflected a 90% decline from its November 2021 IPO high."
"Still, the stock is 38.2% 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 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 shares rose modestly over the past week and were higher year over year. Rivian broke ground on a $5 billion manufacturing plant in Georgia and issued a recall for over 24,000 R1T and R1S vehicles for a software issue. Revenue reached $1.3 billion, but losses widened and full-year loss guidance increased due to tariffs and the loss of EV tax credits, contributing to a steep decline from the November 2021 IPO high. Second-quarter deliveries fell 22.7% to 10,661 units, and Rivian reaffirmed 2025 delivery guidance of 40,000 to 46,000 vehicles while pursuing cost efficiencies, partnerships, and the R2 launch.
Read at 24/7 Wall St.
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