Rivian's shares have fluctuated sharply this year, recovering after second-quarter results but remaining 8.0% below year-ago levels. Revenue rose slightly year over year and sequentially to $1.3 billion, while net losses widened and full-year loss guidance was increased due to tariffs and the loss of EV tax credits. The company reported consecutive quarters of positive gross profit and maintains a solid cash position. Rivian forecasts lower deliveries for 2025 than in 2024 despite an EV market expected to grow at a 32% CAGR through 2030. Management is offsetting headwinds with cost efficiencies, strategic partnerships, and the anticipated R2 SUV launch, while some analysts trimmed price targets.
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.
Still, the stock is 27.5% 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. 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.
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