Rivian Reports Record Deliveries on Strong R2 SUV Demand
Rivian Automotive reported record third-quarter deliveries, exceeding analyst estimates. The company's performance was boosted by the rollout of its R2 SUV, which is targeted at a broader segment of the EV market.
Rivian Automotive NASDAQ:RIVN reported record third-quarter deliveries on Friday and topped analysts’ estimates after launching its lower-priced R2 SUV aimed at a wider slice of the mass EV market. Analysts have said the R2, which began delivering in June, is critical to Rivian’s growth strategy.