Rivian Stock Upgraded Following 45.8% Surge in Q3 Deliveries

Key Facts

1Rivian delivered 19,248 EVs in Q3, achieving a 45.8% year-over-year growth rate.

2Management expects the R2 model to contribute positively to gross profit by year-end as scale improves.

Rivian Automotive delivered 19,248 electric vehicles in the third quarter, achieving a year-over-year growth rate of 45.8%. Seeking Alpha reported that the company received a rating upgrade following these figures, which were primarily driven by the adoption of the lower-cost R2 SUV model.

Management expects the R2 model to contribute positively to gross profit by year-end as scale improves and the structural earnings outlook strengthens. RIVN closed at $13.96 on October 9, 2026, having traded between a session low of $13.82 and a high of $14.43.