Rivian (RIVN) beat earnings expectations, with revenue up 38% to $2.16 billion and a loss that narrowed to $913 million from $1.17 billion a year earlier. Its shares are still down 42% this year. The company raised its delivery guidance to 67,000–70,000 from 65,000–70,000 but did not separate R2 deliveries from total deliveries, and the author suspects sales of the pricier R1T and R1S remain weak. The author views both Rivian and Lucid (LCID) as having grim prospects, while Tesla (TSLA) holds more than 50% of the US EV market. US EV sales fell 30% in the first three quarters versus a year earlier and make up only about 6% of new car sales, while Ford (F) expects its Fathom to reach 100,000 sales in its first year on the market.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Rivian Earnings Don’t Mask Stock Collapse
Read the original on Yahoo Finance ↗
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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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