The automaker built 19,751 vehicles and delivered 19,248 units in the third quarter, driven largely by the addition of a second factory shift in Normal, Illinois. These operational gains resulted in an approximate 45% increase in deliveries compared to the same period last year, alongside $2.2 billion in quarterly revenue. Although starting at just under $60,000, the vehicle line is slated to become even more accessible, with a $53,990 premium trim arriving later this year and entry variants hitting $44,990 by 2027.
Key points
Expanding production capacity has allowed Rivian to finally move past its historical thre…: Expanding production capacity has allowed Rivian to finally move past its historical three-year delivery plateau.
Lower vehicle pricing strategies remain central to the company's plan to sustain volume t…: Lower vehicle pricing strategies remain central to the company's plan to sustain volume through upcoming model variants.
Strong customer adoption is shielding the brand from shifting federal policies that favor…: Strong customer adoption is shielding the brand from shifting federal policies that favor traditional and hybrid engines.
Sources checked by our analysis pipeline: 1
Rivian’s new R2 SUV was its best-selling vehicle in the third quarter, the company said Thursday, marking an auspicious start for the all-important EV.
While Rivian didn’t say exactly how many R2s it sold over the three-month period, the company is confident enough in the pace of sales that it raised its delivery guidance for Wall Street. Rivian had previously expected to deliver between 65,000 and 70,000 EVs this year. On Thursday, it bumped up that floor to 67,000.
It’s the second time Rivian has raised its delivery guidance this year, and the company is now on track to break a three-year stalemate during which it struggled to ship more than 50,000 vehicles annually. The company launched the R2 just in June, but it has made a major bet on scaling production of the lower-cost SUV at a historically-quick rate.
The early success of the R2 is also a sign that Rivian is finding new customers despite last year’s loss of the $7,500 federal EV tax credit. The death of that tax credit, along with changes made by the Trump…
The electric vehicle maker is moving forward with plans to finalize a major capital infusion before the close of the year. This incoming financial support coincides with positive market interest surrounding the company's next-generation platform. Sustained interest in the upcoming vehicle lineup provides critical momentum as the automaker seeks to expand its footprint.
The multi-billion-dollar tie-up aims to integrate DoorDash's global logistics network with Instacart's deep grocery technology to mount a stronger defense against retail giants like Walmart and Amazon. If cleared by regulators and shareholders, the combined entity would give consumers expanded store access and consolidated membership plans. However, retail analysts warn the union could diminish marketplace competition, potentially driving up delivery costs for shoppers while curbing merchant bargaining power.
The pharmaceutical giant adjusted its medium-term financial projections upward to reflect stronger expectations for its broader portfolio. Meanwhile, federal health officials have targeted the flagship HIV medication for substantial government price reductions later this decade. These impending regulatory discounts will reshape the drugmaker's long-term revenue profile under federal healthcare programs.