Rivian Shares Slip 2% After Fourth-Quarter Deliveries Miss Expectations

Core Viewpoint - Rivian Automotive's fourth-quarter delivery figures fell short of Wall Street expectations, leading to a nearly 2% decline in share price, attributed to slowing demand for electric vehicles and the expiration of a federal EV tax credit [1][2]. Delivery and Production Performance - Rivian delivered 9,745 vehicles in the fourth quarter, below the expected 10,050 units, with total production at 10,974 vehicles [2]. - For the full year 2025, Rivian delivered 42,247 vehicles, slightly below the anticipated 42,500 deliveries, reflecting a 17.6% decline from the previous year [3]. Cost Management Strategies - The company is focusing on cost discipline in response to the softer demand environment, implementing efficiency initiatives at its Illinois plant, including simplifying vehicle components and reducing material and manufacturing costs [4]. Long-term Outlook - Analysts maintain a positive long-term outlook for Rivian, particularly with the planned launch of the R2 model in 2026, which is expected to be priced around $45,000, potentially expanding the customer base and supporting higher deliveries over time [5].