Rivian Automotive shares surged 78.4% in a single session, closing at their highest level since Jan. 13. The rally extended gains tied to the June launch of the R2 SUV, which starts at $57,990 and is expected to boost deliveries to as many as 67,000 vehicles this year.
Rivian Automotive Inc. surged 78.4% to its highest close since Jan. 13, extending a rally fueled by optimism over its R2 SUV launch.
The R2, launched June 9 in the U.S., starts at $57,990 for the launch edition, with a cheaper version around $45,000 planned by the end of 2027. Rivian expects annual deliveries of 62,000 to 67,000 vehicles this year, up from 42,284 in 2025. The company's production had fallen from 57,232 vehicles in 2023 as supply chain constraints limited output of its higher-priced R1T pickup and R1S SUV, which started at $75,000 and $77,500, respectively.
The stock, which trades at about three times this year's sales, could see further re-rating if the R2 drives the revenue growth analysts project — more than tripling from 2025 to 2028. Rivian went public in 2021 at $78 per share and had traded nearly 80% below that level before this week's rally. The surge also puts pressure on Tesla, which Rivian has long been positioned against as a rival in the electric-vehicle market.
This article is for informational purposes only and does not constitute investment advice.
