Rivian reported a 32% increase in third-quarter deliveries, beating expectations. Despite a more reasonable valuation post-drop, the company narrowed full-year delivery guidance, hinting at a softer fourth quarter. With 13,201 vehicles delivered, production lagged at 10,720 units. The shift in U.S. incentives, including the expiration of the $7,500 federal tax credit, adds cost and demand uncertainty. Financially, Rivian is working towards sustained profitability after achieving its first positive gross profit in Q4 2024. The recent sell-off has brought the market cap above $16 billion, trading at about 3.2 times last year’s sales, with a slower finish to 2025 expected.

Read more at Yahoo Finance: Is Rivian Stock a Buy After Its Recent Pullback?