Rivian Stock Plummets 13.18% in Two Days, Trading Volume Ranks 327th
1min read Rivian Automotive (RIVN) shares fell 7.69% on April 3, 2025, marking the second consecutive day of decline, with a total drop of 13.18% over the past two days. The company's trading volume reached $450 million, placing it at the 327th position in the day's stock market rankings.
Rivian reported a 36% year-over-year decline in first-quarter deliveries, totaling 8,640 units. This figure fell short of Wall Street's estimate of 9,000 deliveries, disappointing investors. Despite the setback, Rivian maintained its 2025 delivery outlook, projecting between 46,000 and 51,000 units for the year. The company produced 14,611 vehicles in the first quarter, up from 13,980 in the same period last year.
The decline in Rivian's deliveries can be attributed to waning interest in the EV market and political shifts. The change in administration has raised concerns about green energy policies, including the potential end of the EV mandate and tax credits, which could negatively impact EV stocks, including Rivian.
Rivian's stock has been under pressure due to the disappointing delivery numbers and broader market concerns. The company's shares have decreased by 4.06% year-to-date but remain up 21.06% over the past 52 weeks. Analysts' consensus estimate for Rivian is Hold, with an average price target of $14.09, representing a potential 10.68% upside.
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