"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."
"Rivian is grappling with significant obstacles. Third-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’s shares rose modestly over the past week and are up 16.7% year over year, outperforming the S&P 500. The company unveiled a custom computer chip to power autonomous driving software and announced a 4% workforce reduction. Latest quarterly revenue was $1.6 billion with a narrower-than-expected loss. 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 challenges from expired EV tax credits, tariffs, and softened demand while pursuing cost efficiencies, strategic partnerships and an anticipated R2 SUV launch.
Read at 24/7 Wall St.
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