Rivian exceeded delivery expectations in Q3 by producing and delivering over 19,000 vehicles, yet its stock fell sharply due to concerns over its recovery plan. The company did not raise its full-year delivery guidance, which remains between 65,000 and 70,000 vehicles. Rivian's turnaround hinges on the upcoming R2 SUV priced below $45,000, but this model won't be available for over a year, forcing reliance on more expensive models currently on sale. Additionally, the broader U.S. EV market faces challenges such as declining sales and the expiration of tax credits, making profitability difficult for Rivian, which reported a $833 million loss on $1.7 billion revenue last quarter.
Rivian Automotive trades at USD 14.31 on Pluang as of Oct 07, 2026 21:14 WIB, down 1.38% for the day. Despite delivering over 19,000 vehicles in Q3, the stock price remains well below its 52-week high of USD 22.45, reflecting ongoing investor concerns about the company's turnaround plan and profitability challenges. The market cap stands at $21.01 billion, showing significant market interest amid the uncertain outlook.
