Rivian Q3 Earnings Preview: Wall Street Braces for EV Tax Credit Impact
Rivian Automotive gears up for its third-quarter earnings release amid tempered expectations. The EV manufacturer's revised 2025 delivery forecast—narrowed to 41,500-43,500 vehicles—reflects mounting uncertainty following the expiration of crucial federal incentives. Analysts anticipate a 73% revenue surge to $1.51 billion, with per-share losses expected to shrink to $0.74 from $0.97 year-over-year.
Mizuho's downgrade to Sell with a $10 price target underscores growing sector headwinds. The recent delivery spike to 13,201 units—a 32% annual increase—likely represents pulled-forward demand as buyers rushed to capitalize on expiring tax credits. This artificial demand surge now gives way to fundamental concerns about sustainable growth in a subsidy-free environment.
