Rivian Stock Drops 5.95% Despite Beating Production Targets Trading Volume Ranks 100th
1min read On April 2, 2025, rivian automotive (RIVN) experienced a decline of 5.95% in its stock price, with a trading volume of $678 million, ranking it 100th in the day's market activity.
Rivian recently announced its production and delivery figures for the first quarter of 2025, revealing that it produced 14,611 vehicles and delivered 8,640 units. These numbers surpassed the company's previous projections of 14,000 vehicles produced and 8,000 vehicles delivered. rivian also reaffirmed its annual delivery guidance, aiming for 46,000 to 51,000 vehicles for the year. The company set May 6, 2025, as the date for releasing its first-quarter financial results.
Despite exceeding its own delivery and production projections, Rivian's stock fell. The decline came after the stock had recently recovered from its year-to-date lows, closing the previous day just below the current consensus target. Analysts from JP Morgan have warned of declining sales for the industry this year, which may have contributed to the stock's retreat. Rivian had previously cautioned that seasonality, a challenging demand environment, and the impact of wildfires in Los Angeles could affect its first-quarter numbers.
