On the Q3 2026 earnings call on Thursday, Rivian CEO RJ Scaringe said autonomous driving could be an 'inflection point' that drives huge changes in market share, and that the Autonomy+ subscription had exceeded expectations. He said Point to Point, a supervised self-driving system akin to Tesla's FSD Supervised, could create new levels of demand, though autonomy is not yet a major driver for most U.S. customers. Rivian is planning Level 4 capability for 2028. Software and services revenue reached $605 million, up 45% year over year, with 60% attributable to its joint venture with Volkswagen Group. Rivian also linked its self-driving technology to robotaxi plans with Uber, and said reaching its next milestone this year would unlock an additional $250 million of equity investment from Uber. Third-quarter revenue was $2.155 billion, above the $1.984 billion expected, while the 48-cent loss per share was narrower than the 72-cent consensus.
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Rivianelectric vehiclesself-drivingTSLA
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TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| 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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