Overview
- Rivian said it produced 19,751 vehicles and delivered a record 19,248 in the quarter, topping the analysts' average estimate of 18,001 compiled by Visible Alpha.
- Deliveries of the lower-priced R2 began in June and the model is credited with driving stronger-than-expected customer demand during the first full quarter of sales.
- The company reaffirmed its full-year 2026 delivery guidance of 65,000 to 70,000 vehicles and said quarterly production and deliveries were in line with expectations.
- In March Rivian struck a long-term deal with Uber that includes up to $1.25 billion in investment and plans to deploy fully autonomous R2 robotaxis from 2028.
- By broadening Rivian's lineup beyond premium R1 models, the R2 could reshape the company's path to higher volume and affect its push toward profitability as the U.S. EV market adjusts to fading federal credits, tariffs, and weaker demand.