Rivian's R2 Is Finally in Driveways. Here's The Number That Decides Whether The Stock Doubles
If Rivian delivers more than 20,000 R2 SUVs this year, the bears could finally retreat.
Overview
Rivian (NASDAQ: RIVN) launched its R2 SUV in the U.S. on June 9. The premium EV maker expects the new vehicle, which costs less than its R1T pickup and R1S SUV, to expand its addressable market and widen its moat against Tesla (NASDAQ: TSLA). But how many R2 SUVs does Rivian need to sell to double its stock price over the next 12 months?
Image source: Getty Images.
In 2025, Rivian's vehicle deliveries declined 18% to 42,247 units as it struggled with macro, supply chain, and competitive headwinds. But in 2026, it expects its deliveries to soar to 65,000-67,000 vehicles as it overcomes those challenges and ramps up its R2 deliveries.
Details
Source
Originally published at www.fool.com.