Rivian's Stock Is Up Nearly 40% Off Its Lows. Here's What History Says Happens Next.
Despite short-term volatility, Rivian may be an impressive EV stock in the coming months.
Share prices of electric vehicle manufacturer Rivian (NASDAQ: RIVN) are up almost 40% from their all-time low in April 2024. Although an impressive run-up, it is still nearly 36% lower than its 52-week high of $18.11 in July 2024.
Rivian came out with a strong performance in the fourth quarter of 2024 on Feb. 20, reporting positive gross margins for the first time. Despite the excitement about Rivian's margins, the company's share prices did not experience any positive impact. Investors remain concerned about the company's weaker-than-expected delivery outlook for 2025.
Rivian expects between 46,000 and 51,000 vehicle deliveries for 2025 -- including a slower start of about 8,000 deliveries in the first quarter. This is lower than the 51,579 vehicle deliveries in 2024. Furthermore, Wall Street was expecting 55,000 vehicle deliveries in 2025.
