Rivian's shares are roughly unchanged over the past week and down 9.5% year over year, recovering partially from a volatile year that included a surge and decline after earnings. Revenue reached $1.3 billion, slightly higher year over year and sequentially, while the company reported a wider-than-expected loss and raised its full-year loss projection because of tariffs and the loss of EV tax credits. Rivian forecasts lower deliveries in 2025 than in 2024 despite a projected EV market CAGR of 32% through 2030. The company has posted consecutive quarters of positive gross profit, maintains a solid cash position, and is advancing a $5 billion Georgia plant while pursuing cost efficiencies, partnerships, and the R2 launch.
Shares of EV manufacturer Rivian have been on a rollercoaster this year, surging and then falling after its first-quarter report. They have recovered somewhat since the second-quarter report. In the latest results, revenue was up slightly year over year and sequentially to $1.3 billion. However, the company also posted a wider-than-expected loss and widened its full-year loss projection due to tariffs and the loss of EV tax credits.
Shares of Rivian Automotive Inc. ( NASDAQ: RIVN) are changing hands for about the same price as a week ago, while the Nasdaq has retreated modestly. The company is pushing ahead with a $5 billion manufacturing plant in Georgia, despite bracing for a potential $100 million revenue shortfall. The share price is 9.5% lower than a year ago.
Still, the stock is 18.2% higher since its year-to-date low in April, despite facing challenges from reduced delivery targets and tariff pressures. However, it is countering those headwinds with cost efficiencies, strategic partnerships, and the anticipated R2 launch. 24/7 Wall St. conducted some analysis to give investors a better idea of where they can expect the stock to be in a year.
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