"Despite surpassing Wall Street's expectations with adjusted losses of $0.48 per share versus analyst expectations of $0.92 per share, the stock fell almost 6% the next day, closing at $12.72 per share."
"Rivian Automotive Inc. forecasts lower deliveries for 2025 than in 2024, even as the EV market is expected to grow at a CAGR of 32% through 2030."
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) have seen a recent decline due to a significant analyst downgrade and disappointing delivery statistics, falling 4.4% over five trading sessions. Despite this, the share price remains about 6% higher than 90 days prior. Although the company reported adjusted losses of $0.48 per share and revenue of $1.24 billion, analysts responded negatively, downgrading stock ratings or reducing price targets. Rivian's forecast for lower deliveries in 2025 contrasts with the expected strong growth of the EV market.
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