Rivian Deliveries Tank, but It's Not Time to Panic
Investors knew that 2025 might be a slow one for Rivian Automotive (NASDAQ: RIVN). The young electric vehicle (EV) maker doesn't have any obvious catalysts to boost demand or deliveries throughout the year, and its highly anticipated R2 model doesn't launch until 2026. But is the company's slow start a reason to raise a red flag, or is it just the beginning of a lackluster year most anticipated?As Rivian investors prepared for an unspectacular year, the company still managed to top estimates, although that might not be enough to appease investors, judging by the stock's 5% drop this past Wednesday following the first-quarter news release.Digging into the numbers, Rivian delivered 8,640 vehicles during the first quarter. That result was far from the prior year's 13,588 deliveries, but still ahead of analysts' estimates calling for first-quarter deliveries of 8,200. Continue reading
Investors knew that 2025 might be a slow one for Rivian Automotive (NASDAQ: RIVN). The young electric vehicle (EV) maker doesn't have any obvious catalysts to boost demand or deliveries throughout the year, and its highly anticipated R2 model doesn't launch until 2026. But is the company's slow start a reason to raise a red flag, or is it just the beginning of a lackluster year most anticipated?
As Rivian investors prepared for an unspectacular year, the company still managed to top estimates, although that might not be enough to appease investors, judging by the stock's 5% drop this past Wednesday following the first-quarter news release.
Digging into the numbers, Rivian delivered 8,640 vehicles during the first quarter. That result was far from the prior year's 13,588 deliveries, but still ahead of analysts' estimates calling for first-quarter deliveries of 8,200.
