Rivian Automotive Inc (NASDAQ:RIVN) saw its stock decline 2.3% in premarket trading on Thursday after the electric vehicle manufacturer revised its 2025 delivery forecast to a narrower range.
The company reported that it built 10,720 vehicles at its Normal, Illinois plant and handed over 13,201 units in the third quarter ending September 30. While those deliveries were in line with expectations, Rivian adjusted its full-year 2025 guidance to between 41,500 and 43,500 vehicles, tightening the previous outlook.
Management did not disclose the reason behind the forecast revision. Rivian said it will publish its full third-quarter 2025 financial results on November 4, with an earnings call and webcast scheduled for 5:00 p.m. ET to discuss results and its forward strategy.
The company’s Illinois facility currently produces the R1T pickup, R1S SUV, and a range of commercial vans. The delivery figure suggests Rivian delivered more vehicles than it manufactured during the quarter, likely drawing from inventory.
As the EV sector faces fierce competition and shifting demand, Rivian continues to focus on scaling up production and strengthening its customer base. The stock’s dip reflects investor caution around the narrowed delivery outlook as the automaker nears the close of its fiscal year.
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