Rivian Stock Tanks -- Here's What Driving the Drop

Oct 2 - Rivian Automotive RIVN shares slid about 7% on Thursday after the EV maker narrowed its full-year 2025 delivery range to 41,50043,500 vehicles, lowering the midpoint investors expected.

The company produced 10,720 vehicles in Q3 and delivered 13,201, results that show growth but fall short of the cadence some traders hoped for.

Management flagged industry headwinds, including the expiration of a $7,500 federal EV tax credit and rising parts tariffs, as factors that could weigh on fourth-quarter demand and margins.

Reuters Rivian says the delivery figures align with its outlook and plans to report full Q3 financial results on November 4.

Investors reacted to the trimmed guidance by selling into the gap between production and expected fourth-quarter deliveries, pushing the stock lower despite the year-over-year delivery gain.