Shares of Rivian Automotive, Inc. (RIVN) plummeted 5.05% in Wednesday's trading session following the electric vehicle maker's announcement of a significant decline in first-quarter deliveries. The company reported delivering 8,640 vehicles in Q1 2025, a 36% drop compared to the same period last year when it delivered 13,588 vehicles.
Despite the sharp decline, Rivian's Q1 deliveries were in line with company and Wall Street estimates. Analysts had projected deliveries of about 9,000 vehicles for the quarter. The company also reaffirmed its 2025 delivery guidance range of 46,000 to 51,000 vehicles, suggesting confidence in a recovery for the remainder of the year.
The decline in deliveries comes as Rivian grapples with soft demand in the electric vehicle market. Chief Financial Officer Claire McDonough had previously warned investors during the last earnings call that vehicle deliveries would be lower this year, citing factors such as the impact of fires in Los Angeles. The broader EV industry is facing challenges, with market leader Tesla also reporting lower-than-expected Q1 deliveries, indicating a potential slowdown in the sector.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。