Rivian Deliveries Beat Expectations—So Why Is The Stock Tanking?

Rivian Automotive surprised the market with third-quarter delivery figures that exceeded prior forecasts, yet the electric vehicle maker’s stock plummeted nearly 8% following the update. The company delivered 13,201 vehicles in Q3 2025, a 32% year-over-year increase and well ahead of consensus estimates. However, Rivian also narrowed its full-year delivery guidance to a range of 41,500 to 43,500 units, lowering the midpoint by 500 vehicles. That shift, combined with falling production levels and a lack of profitability, raised concerns among investors about Rivian’s longer-term growth trajectory. Shares have now declined for six consecutive trading sessions, shedding 15% of their value in that period. While the automaker continues to show solid demand on the surface, the operational and financial underpinnings tell a more nuanced story—particularly as the industry grapples with fading tax incentives, rising competition, and persistent cost pressures. Here are the four key factors driving the selloff despite stronger-than-expected delivery volumes.