Rivian Stock Slides After Sales Slump In Q2, Despite $1B Equity Boost From Volkswagen

Rivian Automotive, Inc. (RIVN) on Wednesday said that it delivered 10,661 vehicles in the second quarter, marking a decline of 23% from the corresponding period of 2024.

Shares of Rivian were trading 3% lower in morning trade.

The company produced only 5,979 vehicles at its manufacturing facility in Normal, Illinois, in the period, down from the 9,612 vehicles produced in the second quarter (Q2) of 2024. Production was limited during the current quarter in preparation for model year 2026 vehicles expected to launch later in July, the company added.

It also reaffirmed its 2025 delivery guidance range of 40,000 to 46,000 vehicles.

The EV startup also announced on Wednesday that it received $1 billion in equity investment from Germany’s Volkswagen Group on June 30 after it reported a second quarter of gross profit in the first quarter (Q1) of 2025.

The investment was at an effective price of $19.42, representing a 43%  premium to the stock’s closing price of $13.60 on June 27. The investment is part of the $5.8 billion joint venture agreement between Rivian and the Volkswagen Group announced in June last year, aimed at bringing next-generation electrical architecture and best-in-class software technology to both companies’ future electric vehicles.

On Stocktwits, retail sentiment around Rivian rose further within the ‘bullish’ territory over the past 24 hours while message volume increased from ‘normal’ to ‘high’ levels.

RIVN stock is down by over 1% this year and by about 12% over the past 12 months.

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