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Home/News Feed/Rivian stays a Buy as Q1 deliveries beat expectations and R2 pre-orders launch soon
RIVN
$17.93
+$0.13 +0.73%

Rivian stays a Buy as Q1 deliveries beat expectations and R2 pre-orders launch soon

Company Fundamentals
22 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Rivian remains a Buy with key catalysts ahead, including Q1 earnings and the launch of R2 pre-orders. The company delivered 10,400 vehicles in Q1, surpassing expectations with 20% year-over-year growth despite transitioning products. Investors should watch for automotive revenue growth outpacing deliveries and continued strong software revenue, which grew 108% year-over-year in Q4. The R2 launch benefits from a less competitive market, as Tesla's plans for a lower-cost EV have faltered, and Rivian's guidance may be conservative amid rising oil prices.

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