Rivian reported a 45% increase in electric vehicle deliveries in Q3, reaching 19,248 units, driven largely by the launch of the more affordable R2 SUV. The company aims to sell 20,000 to 25,000 R2 vehicles by year-end, potentially making it one of the fastest-selling EVs in U.S. history. Rivian plans to expand production with a new factory in Georgia and lower-priced models around $45,000. Success of the R2 is crucial for Rivian to reduce losses and achieve profitability, with additional growth expected from a robotaxi deal with Uber.
Rivian's surge in deliveries with the R2 SUV highlights its growth ambitions as it targets profitability. On Pluang, Rivian Automotive (RIVN) shares trade at USD 15.21, up 3.05% on the day as of Oct 02, 2026 20:31 WIB. The stock holds a market cap of $21.37 billion, with a typical investor holding period of 61 days and a current order flow skewed 75% toward selling.
Tesla's stock trades at $374.58, down nearly 25% from its 52-week high, amid a surprise 20% cut in capital spending and flat revenue growth. While most analysts have lowered earnings estimates and hold cautious views, Wedbush's Dan Ives forecasts a 6...
Electric vehicle maker Rivian has acquired UK-based startup Third Dimension, which uses AI to create lifelike 3D worlds from images and videos. Rivian plans to use this technology to improve its advanced driver assistance and self-driving systems, pa...
Tesla's stock fell 4% despite beating earnings estimates due to a 42.7% profit decline, reduced capital spending, and a lowered vehicle sales target by CEO Elon Musk. The company also faces rising research costs for new technologies like autonomy and...
Tesla shares rose 4% following Elon Musk's endorsement of a potential merger between Tesla and SpaceX, though he emphasized that independent committees must approve any deal and no agreement is guaranteed. The merger idea adds a premium to Tesla stoc...
