Rivian reported third-quarter revenue up 38% year over year to $2.16 billion, beating analyst estimates by $160 million, and its adjusted net loss narrowed to $0.48 per share from $0.65. Deliveries rose 46% to a record 19,248 vehicles, and Rivian raised its full-year delivery guidance to 67,000-70,000 vehicles from 65,000-70,000, implying roughly 25,000-28,000 deliveries in the fourth quarter. The R2 SUV is central to that target; CEO RJ Scaringe said it was the best-selling vehicle by volume in the third quarter, though Rivian has not disclosed its exact R2 count. The article flags two risks: inflation and rising interest rates could slow EV sales, and some buyers may wait for cheaper R2 trims due next year. At $13 per share, the stock trades 83% below its $78 IPO price, with an enterprise value of $20.5 billion, under three times this year's sales; the article argues this low valuation could limit downside, while hitting or beating the target could lead to a revaluation as a high-growth EV stock.
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