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Rivian Delivers 8,640 EVs, Stock Dips Amid Challenges

4/2/2025

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Summary

Story summary

Rivian delivered 8,640 vehicles in Q1 2025, aligning with expectations but lower than last year.
The company targets 46,000 to 51,000 EV deliveries this year amid demand challenges and supply shortages.
Upgrades are underway at Rivian's Illinois plant for the anticipated R2 model, set to launch in 2026.
Following the Q1 report, Rivian's stock dropped 5%, yet remains up over 20% year-over-year.

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Story summary

Rivian delivered 8,640 vehicles in Q1 2025, aligning with expectations but lower than last year.
The company targets 46,000 to 51,000 EV deliveries this year amid demand challenges and supply shortages.
Upgrades are underway at Rivian's Illinois plant for the anticipated R2 model, set to launch in 2026.
Following the Q1 report, Rivian's stock dropped 5%, yet remains up over 20% year-over-year.