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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