Rivian falls after reporting decline in first-quarter deliveries

ReutersApr 2, 2025 12:43 PM

Electric vehicle maker Rivian's RIVN.O shares fall 2.3% to $12.86 in premarket trading

The company delivered 8,640 vehicles in the quarter ended March 31, compared with 13,588 a year ago

The market expected Rivian to deliver 8,200 vehicles, according to Visible Alpha

RIVN is grappling with soft demand, partially due to the impact of the fires in Los Angeles

10 of 31 brokerages rate the stock "buy" or higher, 17 "hold" and 4 "sell" or lower; their median PT is $14 - LSEG data

Up to last close, stock had fallen 0.2% YTD

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