Rivian shares surge on optimistic delivery outlook for upcoming affordable SUV
Rivian shares jumped Friday as the firm forecast higher deliveries for its upcoming R2 SUV. The move marks a shift toward affordable electric vehicles.
Insights:
Rivian Automotive, Inc. announced on February 13, 2026, that its lower-priced R2 SUV, which is scheduled for Q2, is expected to attract more buyers and materially boost deliveries. This announcement prompted a 24% jump in its stock during intraday trading as the market reacted to the company's improved near-term delivery outlook and market valuation. The electric vehicle manufacturer projected a 53% jump in 2026 deliveries to 62,000–67,000 vehicles, tying the rollout of the new model to materially higher near-term delivery forecasts.
