Rivian Shares Sink 9.57% to $15.22 as $1.66 Billion Q2 Beat Fails to Ease R2 Doubts
Updated
Updated · The Motley Fool · Jul 31
Rivian Shares Sink 9.57% to $15.22 as $1.66 Billion Q2 Beat Fails to Ease R2 Doubts
3 articles · Updated · The Motley Fool · Jul 31
Summary
Rivian fell 9.57% to $15.22 even after reporting Q2 revenue of $1.66 billion, above the $1.51 billion analysts expected.
53.9 million shares changed hands—about 52% above Rivian's three-month average—as investors focused on rising component costs, profitability pressure and whether the lower-priced R2 can draw enough buyers.
Rivian had already lifted 2026 delivery guidance to 65,000-70,000 vehicles from 62,000-67,000 as it started R2 production, and CEO R.J. Scaringe cited record demo drives as external deliveries began.
The selloff left Rivian down 85% from its 2021 IPO, showing investors still want clearer proof that R2 demand can scale into sustainable profits.