Rivian Automotive Stock Falls as EV Maker's Delivery Estimates Come Up Short

Category: Business

Rivian Automotive's shares dropped after the company projected 2025 deliveries below analyst expectations, forecasting 46,000 to 51,000 units compared to the anticipated 55,000. Despite a better-than-expected fourth-quarter report with a net loss of $0.70 per share and a 32% revenue increase to $1.73 billion, the outlook reflects potential challenges from regulatory changes and a tough demand environment. Rivian's shares fell 4% intraday and have decreased by 15% over the past year.

Keywords: Rivian Automotive, electric vehicles, stock market

Source: Investopedia

Update At: 2/22/2025

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