Rivian Stock Moves Red YTD – Earnings Beat, Delivery Forecast Light

Rivian's stock has dropped 3.60% in trading today, flipping red on a YTD basis, as earnings beat the street. The decline comes as the company announced predicted vehicle deliveries for 2025 that fell short of analysts' expectations.

Rivian has projected full-year deliveries ranging from 46,000 to 51,000 vehicles. However, these estimates disappointed market watchers who anticipated over 55,000 deliveries. The company's outlook reflects concerns about potential policy changes by the Trump administration and a challenging demand environment which might continue to impact the EV market.

In its recent financial performance report, Rivian reported a loss of $0.47 per share for the quarter, $0.17 better than what analysts had estimated. Additionally, the company posted a 32% increase in revenue, reaching $1.73 billion and surpassing forecasts by some $300 million.

For the fourth quarter, Rivian produced 12,727 vehicles and delivered 14,183 units. The annual totals reached 49,476 vehicles produced and 51,579 delivered. Despite these production achievements, the delivery forecasts for the upcoming year did not meet the optimistic projections made by analysts.

Over the past five years, Rivian's shares have seen a decline of approximately 90%, but in recent months, the stock began to find support, albeit at the lower levels around $10. The more recent decline follows in the wake of Nikola, another EV manufacturer, filing for Chapter 11 bankruptcy earlier this week, helping to underscore the market pressures facing EV companies.