Rivian R2 SUV Becomes Best-Selling Model as Company Raises Annual Delivery Guidance
Rivian reported that its new R2 SUV has become the company's best-selling vehicle following its launch in June. Driven by strong demand for the lower-cost model, Rivian raised its full-year delivery guidance floor to 67,000 vehicles, marking its second upward revision this year and signaling a potential break from previous annual production plateaus. The company's third-quarter performance showed significant growth, with 19,248 vehicles delivered—a roughly 45% increase compared to the same period last year. This surge was supported by the implementation of a second production shift at its manufacturing facility in Normal, Illinois. Despite a net loss of $913 million, Rivian's revenue reached $2.2 billion for the quarter.
