Rivian earnings shock triggers stock plunge—Q2 miss and $2.25B loss spark 4% drop as EV credit cut, Trump tariffs fuel panic sell-off

Rivian stock plunged over 4% after the company posted a disappointing Q2 2025 earnings report and forecasted a wider $2.25 billion annual loss. The electric vehicle maker is struggling with rising costs, the end of the EV tax credit, and new Trump-era tariffs that are squeezing its margins. Although revenue slightly beat expectations, vehicle deliveries dropped sharply, and losses were worse than Wall Street predicted. Investors are now concerned about Rivians near-term future, despite its upcoming R2 SUV launch. The stock is under pressure, and investor confidence is shaken as key revenue streams dry up.