Rivian stock surges to start the year on better-than-expected EV deliveries

Published On Jan 3, 2025, 4:29 PM

Rivian's stock rose over 24% after the company reported that it delivered nearly 14,200 electric vehicles (EVs) in the fourth quarter of 2024, exceeding analysts' expectations of 13,400 deliveries. This brings Rivian's total deliveries for the year to approximately 51,580, in line with guidance. Despite a weak performance in 2024, where shares dropped 40%, the positive delivery numbers may indicate improved performance. Analysts remain divided, with some maintaining a sell position due to ongoing losses, while others expect the stock to stabilize around $12 per share over the next year.