1 Great Sign for Rivian Investors
Rivian is doing a lot of the right things lately, including consistent improvement in its gross margins, and now the R2 is sending deliveries to the next level.
Overview
This year has been a brutal reality check for electric vehicle (EV) companies and their investors, and Rivian Automotive (NASDAQ: RIVN) is no exception with its stock price down 28% year to date. The broader U.S. EV industry hit a speed bump in late 2025 with rising interest rates combined with a reversal of federal EV tax credits, leaving U.S. EV market share around 6% to 7%, well below its peak of 10%.
All that said, Rivian is still driving forward and its R2 ramp continues to accelerate, and that might be all the company needs to beat estimates for the third quarter when announced later this month. Here's one more strong piece of data from Rivian, and it's just a little more good news.
Details
Investors need only glance at Rivian's press release to notice the surge in deliveries during the third quarter. Rivian produced 10,236 vehicles during the first quarter and delivered 10,365. During the second quarter those figures jumped to 12,613 produced and 12,194 delivered. During the third quarter, those figures spiked to 19,751 produced and 19,248 delivered. Now, the company needs to deliver about 20% more vehicles during the fourth quarter to reach its full-year guidance.
Source
Originally published at www.fool.com.