Rivian Automotive Stock News

The embattled EV maker Rivian Automotive NASDAQ: RIVN recently got some much-needed good news. Shares rose nearly 8% on Mar. 27 after President Trump announced big-time tariffs on foreign cars and components.

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Shares of Rivian (RIVN) fell Wednesday, retreating after a climb off 2025 lows seen just last month.

Electric vehicle (EV) maker Rivian Automotive (RIVN -4.97%) released first-quarter deliveries today, and the stock tanked. If you liked Rivian stock before today, though, you should like it even more now.

Electric vehicle companies, just like any other automaker, live and die on vehicle delivery numbers.

Rivian Automotive Inc (NASDAQ:RIVN) has reported first quarter vehicle deliveries in line with prior guidance. The company produced 14,611 vehicles at its Normal, Illinois facility and delivered 8,740 vehicles during the quarter ending March 31, aligning with guidance of 14,000 and 8,000 respectively.

Rivian delivered just 8,640 vehicles in the first three months of 2024, the company's worst quarterly mark since the end of 2022. But the company says the slow start won't impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025.

Rivian announced first-quarter deliveries early Wednesday. The post Rivian Deliveries Decline 36% But EV Startup Keeps 2025 Outlook Steady appeared first on Investor's Business Daily.