NEW YORK, January 3, 2026, 07:20 ET — Market closed
- Rivian shares closed down 1.5% on Friday after the company posted 2025 production and delivery figures.
- The EV maker said it will report fourth-quarter and full-year results on Feb. 12 after the market close.
- Investors are watching demand signals as Rivian prepares to launch its lower-priced R2 in 2026.
Rivian Automotive shares closed down 1.5% on Friday at $19.41 after the EV maker posted its quarterly and annual production and delivery update. The stock traded between $18.90 and $20.71 and sits in a 52-week range of $10.36 to $22.69, with shares last at $19.43 in after-hours trading.
The delivery tally matters now because it offers an early read on demand heading into 2026, before Rivian’s next earnings report. Deliveries — vehicles handed to customers — are a key volume gauge for automakers that still burn cash while they scale.
Rivian, which sells the R1T pickup and R1S SUV at premium price points, has been pushing efficiency measures at its Illinois plant and simplifying components to cut material and manufacturing costs, Reuters reported. Demand for higher-priced EVs has softened after the U.S. $7,500 federal EV tax credit expired at the end of September, and analysts had expected 42,500 deliveries in 2025 and 10,050 in the fourth quarter, according to Visible Alpha data cited by Reuters; investors are also looking ahead to Rivian’s smaller, lower-priced R2 SUV expected in the first half of 2026 to take on Tesla’s Model Y.
In an 8-K — a Securities and Exchange Commission filing used to disclose significant corporate updates — Rivian said it produced 10,974 vehicles and delivered 9,745 in the quarter ended Dec. 31, 2025. For full-year 2025, it produced 42,284 vehicles and delivered 42,247, and said both the quarterly and annual figures were in line with its expectations. Rivian said it will report fourth-quarter and full-year results on Feb. 12 after the market close and host an audio webcast at 5:00 p.m. ET.
The split between production and deliveries will keep attention on inventory and incentives, especially as EV makers compete for buyers at the higher end of the market. Rivian’s results call will show whether cost-cutting efforts are starting to narrow losses.
Investors will be looking for updated targets for 2026 output and deliveries, and for detail on how quickly Rivian can scale a lower-priced platform without giving up margins. Any commentary on order trends and pricing will likely carry outsized weight after a year when volumes slipped.
Canaccord Genuity analyst George Gianarikas reiterated a buy rating and a $21 price target on Rivian, saying his optimism for 2026 “is undiminished” after the delivery update. He flagged the planned R2 rollout in the first half of 2026 as central to the investment case. TipRanks
Before the next session, traders will watch whether the stock can recover key round-number levels after Friday’s slide or whether the delivery print resets expectations into earnings. Thin early-January liquidity can exaggerate moves in high-beta names like EV makers.
The next clear catalyst is Feb. 12, when Rivian is scheduled to report and update guidance — the company’s formal outlook for production, deliveries and costs. That event is also a likely focal point for any refreshed timeline updates tied to the 2026 product roadmap.
Macro data could shape the tape in the meantime. The Labor Department is scheduled to release the December employment report on Jan. 9 at 8:30 a.m. ET and the December consumer price index on Jan. 13 at 8:30 a.m. ET — reports that can move rate expectations and, by extension, rate-sensitive growth stocks.
