Rivian Automotive Stock Falls as EV Maker’s Delivery Estimates Come Up Short
Key Takeaways
Rivian Automotive (
RIVN
) shares fell Friday, a day after the electric vehicle (EV) maker predicted 2025 deliveries below analysts’ estimates.
The maker of the electric pickups, SUVs, and commercial vans backed by Amazon (
AMZN
) said it sees full-year deliveries of 46,000 to 51,000. Analysts surveyed by Visible Alpha were looking for more than 55,000. The company noted that its outlook took into account “potential adjustments to incentives, regulations, and tariff structures” that may be implemented by the Trump administration, as well as “a challenging demand environment.”
The news offset a better-than-expected fourth-quarter report. Rivian posted a net loss of $0.70 per share, $0.08 less than the estimate of analysts surveyed by Visible Alpha. Revenue jumped 32% to $1.73 billion, also ahead of forecasts.
The company produced 12,727 vehicles and delivered 14,183 in the period, and produced 49,476 and delivered 51,579 in 2024.
Earlier this week, electric truckmaker Nikola (
NKLA
)
filed
for
Chapter 11
bankruptcy, with CEO Steve Girsky explaining that recent attempts to raise cash and keep operating weren’t enough to overcome “significant” macroeconomic challenges.
Shares of Rivian Automotive fell 4% intraday Friday and have lost about 15% over the past year.
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