Rivian Automotive Beats Forecast With Q3 Sales Surge Before EV Credit Ends
5 Articles
5 Articles
Rivian Automotive Beats Forecast With Q3 Sales Surge Before EV Credit Ends
Rivian Automotive reported a 32% jump in third-quarter deliveries, beating Wall Street estimates as U.S. buyers rushed to secure federal tax credits before their expiration. The company delivered 13,201 vehicles in the quarter, ahead of analyst expectations of 12,690, according to Visible Alpha. The surge came just before Congress, through sweeping legislation, eliminated EV tax credits on leasing. Analysts warn the industry faces a slowdown in …
Rivian sees 32% increase in Q3 deliveries as tax credits end
On the Dash: Rivian narrowed its 2025 delivery guidance to 41,500–43,500 vehicles despite a 32% Q3 delivery surge. The expiration of U.S. EV tax credits and high tariffs are increasing costs and creating uncertainty for the EV market. Rising vehicle costs and supply chain pressures may impact Rivian’s profitability as it prepares to launch its R2 SUVs next year. EV startup Rivian lowered its 2025 delivery guidance Thursday, projecting 41,500 to…
Rivian Delivers 13,201 EVs in Q3, Trims 2025 Guidance to 41.5k-43.5k Units
Rivian said on Thursday that it delivered 13,201 vehicles in the third quarter of the year, as the EV market saw a demand surge driven by the end of the $7,500 EV tax credit. Quarterly figures rose by 23.8% from the April—June period, while jumping by 31.8% from the same period a year ago. As it reported its second quarter financial results, the company said it expected the third quarter to be the strongest of the year, ahead of the deadline of …
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