Rivian's newly launched R2 SUV became its best-selling vehicle in Q3 2026, driving the company to raise its annual delivery guidance from a minimum of 65,000 to 67,000 EVs. The R2's early success signals Rivian's ability to attract new customers despite losing the $7,500 federal EV tax credit. Production ramp-up, including a second shift at its Illinois factory, helped boost Q3 deliveries by 45% year-over-year. Rivian generated $2.2 billion in revenue but still posted a net loss of $913 million, down from $1.2 billion the previous year. More affordable R2 trims are expected in late 2026 and 2027, aiming to expand Rivian's market reach further.
Rivian Automotive, Inc. (RIVN) trades at USD 11.77 on Pluang as of Oct 30, 2026 03:11 WIB, showing a modest 0.86% gain in the past day. The company’s market cap stands at $16.90 billion, reflecting investor interest despite ongoing net losses. The news of the R2 SUV becoming Rivian’s best-selling vehicle aligns with the stock’s steady performance and raised delivery guidance.
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Rivian Automotive reported record third-quarter deliveries of 19,248 vehicles, surpassing prior guidance and raising full-year delivery expectations to 65,000-70,000. Despite this, the company still faces significant cash burn, with a narrowed automo...
