Electric vehicle maker Rivian (RIVN) shares fell after the company reported its fourth quarter results, indicating fewer deliveries in 2025 than initially predicted. Despite this, CFRA analyst Garrett Nelson praised the quarter’s performance, citing “software and services revenue” as a key driver of growth.
Revenue reached $1.73 billion, with a narrower-than-expected loss of $0.46 per share. The positive gross margin milestone was attributed to the high-margin software and services revenue stream, resulting from Rivian’s recent partnership with Volkswagen (VWAGY).
However, Nelson emphasized that the company’s 2025 guidance is more concerning, citing “a real demand issue” in the slowing EV growth market. This suggests that Rivian may face challenges in meeting its delivery targets for the upcoming year.
As of now, there are no related videos to watch on this article.
Source: https://finance.yahoo.com/video/rivians-weak-sales-outlook-shows-151832795.html