UBS upgraded Rivian to Buy from Neutral and kept its $17 price target, calling the recent selloff a buying opportunity ahead of an inflection in R2 ramp and automotive gross margins. Rivian shares rose 4% to $12.59 but are still down 36% year to date. Its Q3 2026 report, disclosed on October 29, showed revenue up 38.3% year over year to $2.155 billion and an adjusted loss of $0.48 per share narrower than expected, while full-year guidance was raised and deliveries are now seen at 67,000 to 70,000 vehicles. However, the automotive business still posted an $80 million gross loss, and $81 million in regulatory credits supported the quarter. Lucid, at $3.06, is down 71% YTD, while Tesla trades at $402.50.
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electric vehiclesRivianLucidTesla
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▲ Likely positiveTesla, 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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