Rivian (#RIVN) reported better-than-expected Q3 2026 results and raised its full-year delivery guidance, supported by growing demand for its R2 vehicle and improving manufacturing efficiency. The R2 became Rivian's best-selling vehicle during its first full quarter, outperforming both the R1 lineup and commercial vans. 🔹 Key Highlights 🚗 Record Deliveries: Rivian delivered 19,248 vehicles, up 46% YoY. 📈 R2 Momentum: R2 became the company's best-selling vehicle in its first full quarter. 👥 Reservation Demand: Management reported stronger-than-expected R2 reservation conversions. 🧪 Demo Drives: R2 demo drives increased to 103,000, compared with 57,000 in Q2. 🏭 Production Expansion: Rivian started a second R2 production shift. 💰 Manufacturing Costs: Cost per vehicle declined by more than $12,000 sequentially. 📊 Adjusted EBITDA: Loss of $435M, compared with the expected $591M loss. 🎯 FY2026 Deliveries: Guidance raised to 67,000–70,000 vehicles, from 65,000–70,000. 💵 Capital Expenditure: FY2026 CapEx reduced to $1.4B–$1.5B, from $1.7B–$1.8B. 🤖 Upcoming Catalysts: Limited supervised point-to-point driving rollout is planned for later this year, with broader availability targeted for 2027. 📅 Investor Event: Autonomy & AI Day is scheduled for December 9. 💡 Why It Matters Rivian's improving R2 demand, lower manufacturing costs and raised delivery guidance suggest progress toward scaling its vehicle business. However, the automotive segment remains unprofitable, making production efficiency, cash consumption and successful R2 expansion critical factors to monitor. Upcoming autonomy developments and the potential $250M Uber investment milestone could provide additional catalysts. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified