Rivian stock price slips after expectedly lower sales in Q1 2025

Rivian published its production and delivery numbers for the first three months of 2025, and while they are expectedly weaker compared to the previous quarters, the company still managed to beat expectations. The US carmaker produced 14,611 vehicles, which is more than usual, but managed to sell only 8,640 of those. For context, Q3 and Q4 sales in 2024 were 10,018 and 14,183, respectively.

Rivian and market analysts expected lower sales figures. According to Rivian, supply chain shortages from Q3 last year and the Los Angeles fires from earlier this year impacted Rivian's sales, but the company managed to solve its issues and believes it is on track to deliver between 46,000 and 51,000 vehicles this year. The shortages in question impacted the R1 and RCV platforms.

Looking ahead, Rivian is very optimistic about its 2025 performance. The company is already upgrading its plant in Normal, Illinois, in preparation for the mid-size R2 SUV. The new vehicle will allow Rivian to enter a new market segment and potentially enter a new growth phase.

And even though stock prices fell about 5% after the sales report, the price is still 20% higher than in 2024. Full financial results are expected on May 6.

Via