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flag Rivian's stock dropped despite higher deliveries, citing weaker outlook due to expired EV tax credits and tariffs.

flag Rivian's stock fell despite a 32% year-over-year increase in third-quarter vehicle deliveries, as the company cut its full-year delivery guidance and cited weaker fourth-quarter outlook due to expired federal EV tax credits and new tariffs. flag The company achieved its first positive gross profit in Q4 2024 and reduced costs per vehicle, but expects a 2025 adjusted EBITDA loss of $2–2.5 billion. flag With $7.5 billion in cash, Rivian is preparing for the 2026 launch of its lower-priced R2 model, though experts warn sales could be significantly weaker in 2026 due to the end of the $7,500 tax credit. flag An upcoming earnings report in November may boost investor confidence if updates on the R2, R3, and R3X models signal strong market potential.

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