Rivian reported strong third-quarter results, improving its gross margin to 8% and reducing adjusted EBITDA losses by 28% year-over-year. The successful launch of the R2 model is accelerating Rivian's penetration into the mass market, with average selling prices declining and conversion rates surpassing expectations. The company remains financially strong with $5.5 billion in cash, supporting further scaling of the R2 and monetization of its Autonomy+ technology. These positive developments have led to an upgraded full-year outlook and reaffirmation of a "Buy" rating amid a shifting market environment.
Rivian's stock price on Pluang is currently USD 14.02 as of Nov 10, 2026 18:21 WIB, which is closer to its 52-week low of USD 11.43 than its high of USD 22.45. Despite the positive momentum from the R2 launch and improved financials, Pluang order activity shows 100% sell interest, indicating cautious sentiment among investors. The stock's market cap stands at $20.45 billion, reflecting its significant presence in the consumer cyclical sector.
