SoundHound AI (SOUN 4.34%) stock saw a dramatic valuation pullback across the first half of this year's trading. The company's share price fell 45.9% January through June despite a gain of 5.5% for the S&P 500 index across the stretch.SoundHound's valuation pullback in the first half of 2025 was partially a reaction to the strong gains that the stock saw in 2024. Some macroeconomic and business-specific catalysts also caused investors to sell shares, but the stock has also been on a winning streak in recent ...

Core Insights - Rivian delivered 8,640 vehicles in Q1 2025, a decrease from 13,588 units in the same period last year, primarily due to high EDV deliveries in Q4 2024 [1][9] - The company produced 14,611 vehicles in Q1 2025, an increase from 13,980 vehicles in the same period last year, to compensate for an upcoming factory shutdown for R2 production [2][9] - Rivian revised its 2025 delivery guidance downward to 40,000-46,000 vehicles from an earlier forecast of 46,000-51,000 due to demand and policy uncertainties [4][9] Production and Deliveries - Rivian's production in Q1 2025 was higher than deliveries, with plans to sell excess inventory in upcoming quarters [2][9] - The average selling price of Rivian's vehicles was $88,500 in Q1 2025, which limits the addressable market in the current economic climate [4] Competitive Landscape - In Q1 2025, Tesla delivered 336,681 vehicles, a decline from 386,810 units in the previous year due to production pauses [5] - Lucid delivered 3,109 vehicles in Q1 2025, a 58.1% increase from the same period in 2024, and introduced the Lucid Gravity SUV [6] Valuation and Estimates - Rivian's shares have gained 3.8% year-to-date, outperforming the Zacks Automotive-Domestic industry, which declined by 13.8% [7] - Rivian is trading at a forward sales multiple of 2.42, lower than the industry's 2.78, indicating it may be undervalued [11] - The Zacks Consensus Estimate for Rivian's EPS for 2025 has increased by 42 cents in the past 60 days [13]