In the fourth quarter of 2025, Rivian Automotive (NASDAQ: RIVN) reported a 31% year-over-year decline in deliveries, down to 9,745 vehicles from 14,183 in the year-ago quarter. This drop was likely due to demand being pulled into the third quarter ahead of a federal incentive deadline. The company is focusing on launching its new R2 vehicle in the first half of 2026 to stimulate sales.

While Rivian’s financials remain challenging, with an adjusted EBITDA loss of $602 million in Q3 and a projected loss of $2.00-$2.25 billion for the full year 2025, the company is staying afloat with $7.09 billion in cash reserves. However, investors should remain cautious given the company’s unprofitable business model and high valuation.

Read more at Nasdaq: Rivian Deliveries Tanked in Q4: What Investors Should Know