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Howard Smith, The Motley Fool
Wed, Apr 2, 2025, 8:16 AM 3 min read
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Electric conveyance (EV) shaper Rivian Automotive (NASDAQ: RIVN) released first-quarter deliveries today, and the banal tanked. If you liked Rivian banal earlier today, though, you should similar it adjacent much now.
While Rivian's EV deliveries declined by 36% twelvemonth implicit year, the fig of units shipped (8,640) was successful enactment with guidance and expectations. Investors punished the stock, though. Shares were little by 5.6% arsenic of 10:33 a.m. ET.
Rivian absorption had alerted investors to expect a driblet successful deliveries to commencement the year. Fires successful California and wide request malaise for afloat electrical EVs were the main reasons. Yet determination was bully quality hidden successful today's study arsenic well.
Even arsenic the institution is moving to retool its mill for the roll-out of its little costly R2 SUV adjacent year, first-quarter accumulation was higher twelvemonth implicit year. It manufactured implicit 14,600 vehicles, compared to 13,980 past year.
Management besides reiterated guidance of 46,000 to 51,000 vehicles for 2025 deliveries.
Rivian is counting connected its R2 to foodstuff user involvement successful its brand. That volition much straight vie with Tesla's fashionable Model Y and could pb to high-volume income for Rivian. But Rivian isn't immune to outgo increases from tariffs adjacent though its lone manufacturing works is successful the U.S. Parts are brought successful from some Mexico and Canada to proviso its factory. Tariffs could besides stoke ostentation and unit consumers to propulsion backmost connected ample purchases.
Rivian volition denote first-quarter fiscal results connected May 6. That's erstwhile investors should wage attraction to what absorption says astir tariff-related costs arsenic good arsenic immoderate updates connected the R2.
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