Rivian registered 3,688 vehicles in the U.S. in May, up 1.9% from a year ago, according to data released on Tuesday by Motor Intelligence.
The figure also marked an increase from the 2,970 units recorded in April but remained below registration volumes seen in February and March.
The slight increase comes as the Irvine, California-based company adjusts expectations for the year.
In early May, Rivian reduced its 2025 deliveries estimates to between 40,000 and 46,000 vehicles, down from a previous range of 46,000 to 51,000. The prior guidance already implied a year-over-year decline from 2024.
In the first quarter, Rivian produced 14,611 vehicles at its factory in Normal, Illinois, and delivered 8,640 units.
Over the weekend, the company lowered lease pricing across several trims of its R1T pickup and R1S SUV for orders placed by the end of June, according to its website.
Monthly lease payments for the R1T Dual-Motor configuration fell to $808 from $898, while the Tri-Motor variant dropped to $1,258 from $1,298. The entry-level Standard trim remained unchanged at $778.
For the R1S SUV, lease prices declined to $848 for the Dual-Motor model (from $938) and to $1,298 for the Tri-Motor variant (from $1,358), with the Standard version holding steady at $808.
Rivian is also offering a promotional “Electric Refresh Offer,” which includes a $3,000 discount on any R1 model along with a $7,500 lease credit, available to customers who trade in a battery electric vehicle.
Additionally, the company introduced a 2.99% APR financing deal for 60 months on R1 Dual-Motor trims fitted with Large or Max battery packs and the Performance Upgrade.
In the U.S., the R1S SUV starts at $75,900 for the Dual Standard variant, $83,900 for the Dual-Motor, and $105,900 for the Tri-Motor. The R1T pickup starts at $69,900.
Tesla recorded 46,150 registrations last month, split between 17,538 cars and 28,612 trucks. Lucid Motors registered 975 vehicles, a 75% increase from a year earlier, while Polestar logged 628 units.
Separately, Rivian said this week it plans to raise $1.25 billion through a private offering of senior secured green notes due 2031.
Proceeds will be used to redeem the company’s outstanding $1.25 billion floating-rate senior secured notes maturing in 2026, along with related fees and expenses.
