It's not just Tesla — Rivian's deliveries were down last quarter, too
Rivian shared its second-quarter financial results on Wednesday.Justin Sullivan/Getty Images -
Rivian Automotive reported its 2025 second-quarter production and delivery results.
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Rivian produced 5,979 vehicles and delivered 10,661 vehicles this quarter, a year-over-year decline from Q2 2024.
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Tesla's deliveries also dropped in Q2, just missing analysts' expectations.
It's not just Tesla.
Rivian Automotive's Q2 deliveries were also down. The company shared its production and delivery results on Wednesday. It delivered 10,661 vehicles in the quarter ending on June 30. That's a noticeable drop compared to the same time last year, when Rivian delivered 13,790 vehicles. Reuters reported a 22% decline.
Its stock dipped on Wednesday and closed down 4.45%.
The company shared that it produced 5,979 vehicles at its Illinois-based manufacturing facility during the last quarter. The company produced 9,612 vehicles during the same time in 2024.
"Production was limited during the second quarter in preparation for model year 2026 vehicles expected to launch later this month," the company said on Wednesday. "Production and delivery results for the quarter are in line with Rivian's outlook."
Rivian said it received a $1 billion equity investment from Volkswagen Group as part of a joint venture between the two companies.
Tesla, led by Elon Musk, also shared delivery numbers on Wednesday.
The company delivered 384,000 electric vehicles during its second quarter, which missed Wall Street analysts' expectations. It marks the largest quarterly decline in pure numbers in Tesla's history.
The electric vehicle industry faces headwinds as it navigates consumers' uncertainty and the fallout from President Donald Trump's tariffs.
Tariffs and consumer concerns aren't the only obstacles that could trip up the electric vehicle industry.
Trump's domestic tax and spending bill would also affect the clean energy sector. The bill, if passed and signed into law, could end the $7,500 EV tax credit on new leases and electric vehicle sales by the end of September, according to Reuters. Although Rivian didn't qualify for the tax credit, the company relied on a leasing loophole to utilize it. The potential loss of the tax credit could impact companies like Tesla, though.
Representatives for Rivian did not respond to a request for comment from Business Insider.
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The decline in Rivian's deliveries, much like Tesla before itththis quarterly report reveals the challenging road ahead for electric vehicle newcomers as they navigate accelerated global competition and supply chain disruptions similarly.
Despite industry giants like Tesla encountering challenges, Rivian's delivery disappointments in the last quarter suggest that success for electric vehicle startups is not a straightforward path to rapid growth.
While Tesla remains a dominating force in the electric vehicle market, it's worth noting that Rivian also faced delivery setbacks last quarter – underscoring how challenging this new era of EV competition is for even promising startups.
While Tesla's performance remains impressive, Rivian too faced delivery challenges in the recent quarter.
While Tesla's success is well-documented, it isn’t an isolated event in the electric vehicle industry. Rivian also experienced a decline in deliveries during last quarter—highlighting challenges confronting several players as they strive to navigate this rapidly evolving market.
