Rivian Stock Falls As Q4 Deliveries Falls Year-On-Year But Within Its Own Subdued Estimates

• The company delivered 42,247 units in 2025, including its R1T truck, R1S SUV, and electric delivery vans. 
• Rivian slashed its full year guidance to 41,500 to 43,500 vehicles from its previous forecast of between 40,000 and 46,000 cars in October as EV demand took a hit. 
• Rivian’s R2 is expected to launch in the first half of 2026 and projected to have a price tag of $45,000.

EV maker Rivian Automotive (RIVN) on Friday said that the company delivered 9,745 vehicles in the fourth quarter, below the 14,183 units it delivered in the corresponding quarter of 2024, but within its own estimates.

The company delivered 42,247 units in 2025, including its R1T truck, R1S SUV, and electric delivery vans.

The company produced 10,974 vehicles at its manufacturing plant in Illinois in the three months through the end of December, taking its full-year production numbers up to 42,284 units.

The Normal facility is now Rivian’s only functioning manufacturing facility. The company broke ground on its new Georgia facility in September which could eventually produce 400,000 vehicles per year. Production at the facility is slated to start in 2028.

Shares of the company fell 2% at the time of writing. 

Lowered Estimates

Rivian slashed its full year guidance to 41,500 to 43,500 vehicles from its previous forecast of between 40,000 and 46,000 cars in October as EV demand took a hit following the expiry of the federal tax credit on the purchase of EVs on Sept. 30.

Rivian is now ramping up for the launch of the R2 SUV in 2026. The midsize SUV is expected to launch in the first half of 2026 and is projected to have a price tag of $45,000, placing it as a competitor to Tesla’s (TSLA) best-selling Model Y SUV.

Rivian plans to manufacture the R2 at Illinois initially, with the Georgia plant providing additional capacity once it is online.

Push Towards Vehicle Autonomy

In December, Rivian unveiled its own proprietary silicon chip called RAP1 or Rivian Autonomy Processor1 slated to replace Nvidia chips and allow the company to achieve level 4 vehicle autonomy. While Rivian currently offers advanced driver assistance features on its R1 vehicles, they require active driver supervision and do not make the vehicles autonomous.

The new in-house chip is aimed at processing data from the new addition of LIDAR in addition to other visual-centric sensors including cameras. The company said that its decision to integrate LIDAR in future R2 models is aimed at improving real-time detection for the edge cases of driving where merely cameras fall short, such as in instances of low lighting.

LiDARs will be integrated on the R2 model starting 2026-end, the company then added.

Rivian CEO RJ Scaringe in December also expressed optimism for the company operating robotaxis like its biggest rival Tesla in the future. “Now, while our initial focus will be on personally owned vehicles, which today represent a vast majority of the miles to the United States, this also enables us to pursue opportunities in the rideshare space,” he said about the company’s autonomy advancements.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around RIVN stayed within the ‘bearish’ territory over the past 24 hours while message volume stayed at ‘low’ levels.

A Stocktwits user dismissed hopes for Rivian echoing the growth trajectory of Tesla highlighting growing competition and the Trump administration’s anti-EV stance.

Another, however, echoed optimism about the stock in the long-term.

RIVN stock has gained 46% over the past 12 months. 

Read also: Why Did Ironwood Pharmaceuticals Stock Skyrocket Today?

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