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Rivian Continues to Fall Apart
- Rivian Automotive reported a 22.7% decline in second-quarter deliveries, delivering 10,661 vehicles, as competition and tariffs impact demand for electric vehicles.
- Rivian produced 5,979 vehicles during the quarter, falling short of estimates which were as high as 11,330 units, according to analysts polled by Visible Alpha.
- Rivian reiterated its annual delivery forecast of 40,000 to 46,000 vehicles despite recent challenges, including the potential ending of the $7,500 tax credit for electric vehicle sales and leases.
- High interest rates and increased vehicle costs are leading buyers to prefer hybrid and gasoline cars, which impacts sales prospects for electric vehicle makers.
16 Articles
16 Articles
Rivian Continues to Fall Apart
Rivian Automotive Inc. (NASDAQ: RIVN) announced that its second-quarter deliveries totaled 10,661. That was down 23% from the same quarter of last year. Afterward, its stock dropped 4.5% to $13. It is down 14% in the past year, while the S&P 500 is 13% higher. 24/7 Wall St. Key Points: Rivian Automotive Inc. (NASDAQ: RIVN) announced that its second-quarter deliveries were off sharply. The electric vehicle (EV) maker blamed tariffs for its wea…
It's not just Tesla — Rivian's deliveries were down last quarter, too
Rivian shared its second-quarter financial results on Wednesday.Justin Sullivan/Getty ImagesRivian Automotive reported its 2025 second-quarter production and delivery results.Rivian produced 5,979 vehicles and delivered 10,661 vehicles this quarter, a year-over-year decline from Q2 2024.Tesla's deliveries also dropped in Q2, just missing analysts' expectations.It's not just Tesla.Rivian Automotive's Q2 deliveries were also down. The company shar…
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Bias Distribution
- 63% of the sources are Center
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