Rivian kicked off 2025 with mixed results as the electric vehicle (EV) maker exceeded Wall Street’s production expectations but struggled with declining deliveries.
The company reported producing 14,611 vehicles during the first quarter, above analyst forecasts of approximately 12,380 units. Deliveries, however, reached only 8,640 units, down sharply from the 13,588 vehicles delivered during the same quarter in 2024, a nearly 36% year-over-year, adding to the company’s growing inventory gap.
While Rivian reaffirmed its full-year guidance, maintaining a target of 46,000 to 51,000 vehicle deliveries, the disparity between production and deliveries of nearly 6,000 vehicles stands out. The company has attributed some of the delivery shortfall to reduced commercial van shipments, which is no longer exclusive to Amazon and available to all customers. The effects of wildfires in Los Angeles, a critical market for the automaker, also temporarily impacted EV demand in the region, according to Automotive News.
Rivian plans to release its Q1 2025 financial results on May 6, following market close, with a live webcast scheduled for 5:00 pm ET/2:00pm PT.
Another notable development for Rivian during the quarter was the announcement of its micromobility spin-off, Aslo, which aims to develop compact, lightweight vehicles tailored for urban transportation.
