NEW YORK, December 30, 2025, 13:30 ET — Regular session
- Rivian shares down about 6% in midday trade, lagging a muted broader market.
- A Form 4 filed Monday showed CEO R.J. Scaringe sold 17,450 shares on Dec. 23 under a pre-arranged trading plan.
- Investors are watching Fed minutes later Tuesday and Tesla’s delivery report on Friday for an EV-demand read-through.
Rivian Automotive, Inc shares were down about 6% on Tuesday, pulling back in a light year-end session after a regulatory filing disclosed a stock sale by Chief Executive Officer Robert J. Scaringe.
The move matters because thin holiday liquidity can exaggerate swings in high-volatility names, and investors have shifted back to demand signals and funding risk across electric-vehicle makers.
Traders also had one eye on U.S. Federal Reserve minutes due later in the session and a closely watched Tesla update on quarterly deliveries, events that can reset risk appetite for the sector.
A Form 4 filed on Monday showed Scaringe sold 17,450 Rivian shares on Dec. 23 at a weighted average price of $21.4253, in transactions that ranged from $21.21 to $21.69, and noted the sale was made under a Rule 10b5-1 plan — a pre-set trading arrangement that schedules sales in advance.
Rivian was trading at $19.45 as of 1:30 p.m. ET, down $1.23 on the day. The stock has ranged from $20.78 to $19.30 in Tuesday’s session.
Rivian’s shares have been volatile in December after the company highlighted a push into self-driving technology and software, including an in-house autonomy processor and a paid driver-assistance package, which drew bullish commentary from some analysts at the time.
Sector sentiment has also been in play. Tesla’s fourth-quarter deliveries are expected to fall as the loss of U.S. tax credits and competition weigh on demand, and the company is due to report production and delivery numbers on Friday, a Reuters report said.
The broader market offered little support. U.S. stocks edged lower in a subdued, light-volume session ahead of the Fed minutes, which investors will scan for clues on the 2026 rate path. “It’s been a year of corporate resilience,” Ross Mayfield, an investment strategy analyst at Baird, said. Reuters
For Rivian, investors remain focused on cash burn — how quickly the company spends its cash — and whether higher production efficiency and software revenue can narrow losses as competition keeps pricing tight.
The next company-specific checkpoint is Rivian’s quarterly production and delivery update, which it has historically released shortly after the quarter ends. Rivian last year published its fourth-quarter production and delivery figures in early January and paired that update with timing for its results call.
In the near term, traders will watch whether the shares stabilize around $19, near Tuesday’s session low, after the stock slipped below the $21 level cited in the CEO’s disclosed sale.
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