Rivian starts a challenging year with a big slip in deliveries
- Rivian's stock rose by 6.4% amid positive market trends, despite a challenging year ahead with reduced deliveries.
- Rivian announced the spin-off of its micromobility business, Also, which focuses on electric bikes and scooters, while retaining a minority stake.
- Rivian confirmed plans to deliver between 46,000 and 51,000 electric vehicles this year, reaffirming its goals despite the supply shortage mentioned by CFO Claire McDonough.
- Rivian delivered 8,640 vehicles in Q1 2025, which met expectations despite being lower than last year's numbers.
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Why Rivian Stock Surged Today @themotleyfool #stocks $RIVN
·Alexandria, United States
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