Rivian Automotive ( (RIVN) ) has fallen by -10.16%. Read on to learn why.
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Rivian Automotive has experienced a significant stock price decline of 10.16% over the past week. This drop comes amid a challenging environment for the electric vehicle maker, which reported a 22.7% decrease in its second-quarter vehicle deliveries. The company is facing intense competition, high interest rates, and tariff issues, which have collectively dampened investor sentiment. Additionally, concerns about Rivian’s profitability and the market’s preference for more affordable gas or hybrid vehicles have further contributed to the stock’s downward pressure.
Despite the recent setbacks, Rivian is working on refreshing its R1T truck and R1S SUV models for 2026 and has maintained its annual delivery guidance of 40,000 to 46,000 vehicles. Investors are also looking forward to the launch of the R2 truck next year, which is anticipated to boost sales. However, analysts have expressed caution, with Guggenheim recently downgrading Rivian’s stock from Buy to Hold, citing softer long-term assumptions for the R2/R3 models and changes in U.S. Electric Vehicle and Emissions policy.
The upcoming second-quarter earnings report on August 5 is expected to provide further insights into Rivian’s financial health. Wall Street anticipates a narrower loss per share compared to the previous year, with revenue projected to increase by 11.4%. While the stock has a Hold consensus rating from analysts, the average price target suggests a potential upside, indicating that investors are cautiously optimistic about Rivian’s future prospects.