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.
Rivian has recalled about 14 units of its R2 SUV due to improperly tightened fasteners on the high-voltage battery pack, which could cause power loss during driving. This is the second recall for the R2, a key model for Rivian's push into the mass ma...
Rivian reported a 46% year-over-year increase in vehicle deliveries for Q3, delivering 19,248 units compared to 13,201 last year, surpassing Wall Street expectations of 18,000 units. The company reaffirmed its 2026 delivery guidance of 65,000 to 70,0...
In 2026, Tesla stock has dropped 20%, while smaller EV makers Rivian and Lucid have seen steeper declines of 24% and 60% respectively. This trend highlights Wall Street's preference for investing in EV technology layers like autonomous driving and ba...
Rivian and Tesla both reported Q2 results, but the market values them very differently. Rivian, despite losses, is priced like a traditional automaker based on vehicle deliveries and gross profit, trading at 3.64 times sales. Tesla, with record deliv...
