Rivian's stock price dropped from $20 to just above $15 in three months, losing over a quarter of its market value despite launching a new, more affordable R2 model and securing fresh investment. The company faces stiff competition from Tesla's Model Y and struggles with its Autonomy+ driver assistance system, which ranks below Tesla's. Rivian also reported a $833 million loss last quarter with only about 12,000 vehicles produced and delivered, raising concerns about its viability. The broader US EV market is also weak, with sales down 20-25% year-over-year, partly due to the loss of a $7,500 tax credit and consumer reluctance to switch from gas-powered cars despite high gas prices. Rivian's stock is expected to remain flat until its Q3 earnings report.
Rivian's stock is trading at $15.38 on Pluang as of September 21, 2026, with a positive 1-day change of 2.64%. The market capitalization stands at $21.70 billion, reflecting investor interest despite recent challenges. The stock remains well below its 52-week high of $22.45, indicating ongoing market caution.
