Rivian Shares Dip Despite $472 Million Trading Volume Ranking 176th

Rivian Automotive (RIVN) shares fell 0.37% on May 6, 2025, marking the second consecutive day of decline, with a total decrease of 2.39% over the past two days. The company's trading volume reached $472 million, ranking 176th in the day's market activity.

Rivian reported a positive gross profit of $206 million for the first quarter of 2025, marking the second consecutive quarter of profitability. The company also announced an expected $1 billion investment from Volkswagen Group, which was part of a $5.8 billion deal that includes funding for Rivian and Volkswagen to utilize the electric vehicle maker's software and electrical architecture.

Rivian's first-quarter results were bolstered by a $157 million increase in sales of automotive regulatory credits and a significant rise in software and services revenues, which reached $318 million compared to $88 million a year earlier. The company's losses narrowed to $541 million on an unadjusted basis, a substantial improvement from the $1.5 billion loss reported a year earlier and the $743 million loss in the fourth quarter of 2024.

Rivian produced 14,611 electric delivery vans and "R1" SUVs and pickup trucks during the first quarter, delivering 8,640 vehicles. The company reconfirmed that production is expected to be lower during the second half of the year as it idles and retools its Illinois plant for roughly a month to prepare for the new "R2" product, a smaller SUV priced at $45,000, which is expected to enter production in the first half of 2026.

Rivian raised its 2025 capital expenditure guidance to $1.8 billion-$1.9 billion and revised its delivery outlook to 40,000-46,000 vehicles. The company's earnings per share (EPS) of -$0.41 exceeded the forecast of -$0.76, representing a positive surprise of approximately 46%. The revenue for the quarter was reported at $1.24 billion.