Rivian delivered 19,248 vehicles in the third quarter, up about 46% year over year and 58% sequentially, while production reached 19,751 vehicles, up about 57%. The company said reservation-to-order conversion for the roughly $58,000 R2 Launch Edition was meaningfully higher than expected, though it did not disclose the percentage. CEO RJ Scaringe said the factory is ahead of its suppliers, which are constraining the ramp-up. The article compares this with Tesla, whose Model 3 gross margin exceeded 20% one quarter after turning slightly positive, and whose stock climbed about 1,364% between September 28, 2018 and September 30, 2021. It argues Rivian's automotive margins may not improve much in the third quarter because launch costs and added labor still weigh on profitability, so the milestones to watch are the fourth quarter and 2027.
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electric vehiclesTeslaRivianauto manufacturing
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/30/2026 | 399.82 |
| Change that session | -0.86% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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