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R2 Launch

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Rivian R2 Launch Boosts Stock Despite Larger Losses

Originally Published 2 months ago — by TipRanks

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Source: TipRanks

Rivian's Q3 results exceeded expectations with increased revenue and a gross profit rebound, driven by strong vehicle deliveries. The upcoming launch of the R2 crossover in 2026 is seen as a potential game-changer, with some analysts optimistic about its impact on the stock, which is currently rated as a hold by most analysts.

"Rivian R2 Launch Sparks Bullish Momentum for EV Stock"

Originally Published 1 year ago — by Electrek

Featured image for "Rivian R2 Launch Sparks Bullish Momentum for EV Stock"
Source: Electrek

Rivian's stock is on the rise ahead of the launch of its new R2 electric SUV, with a buy rating from Jefferies Financial Group suggesting over 45% upside potential. The R2, set to be revealed today, is expected to be a more affordable option starting at $47,000 with up to 330 miles of range, potentially falling below $40,000 with the EV tax credit. Despite concerns about cash reserves and recent financial losses, Rivian remains confident in its future prospects, aiming for improved margins and profitability as it expands its brand and production capacity.