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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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The Motley Fool broke the news in Alexandria, United States on Wednesday, April 2, 2025.
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