Rivian Q2 deliveries plunged 23% from last year

EV maker Rivian ticked down Wednesday after posting disappointing second-quarter production and delivery totals.

Rivian, squeezed by tariff costs and stiffer competition because of rivals’ big incentives, delivered 10,661 vehicles during the quarter that ended June 30. That’s a drop of more than 3,000 vehicles from last year, or a decline of 22.7%. Analysts had expected about 10,900 deliveries.

On the production side, the EV maker built 5,979 vehicles, including delivery vans. That’s in line with its outlook but roughly half of analysts’ 11,330 estimate. According to Rivian, production was limited in preparation for 2026 model year vehicles launching later this month.

Rivian held on to its 2025 delivery forecast of between 40,000 and 46,000 vehicles. The company lowered its outlook when it reported first-quarter earnings in May, saying it was “not immune to the impacts of the global trade and economic environment.”