"Rivian sold 10,365 vehicles in the first three months of the year, a 20 percent increase year over year. The company also reaffirmed its prediction that it will sell 62,000-67,000 vehicles this year."
"Rivian's total customer deliveries fell 18 percent to 42,247 vehicles, alongside an 18 percent production drop to 42,284 vehicles. The fourth quarter was especially brutal, with the company reporting a 31.3 percent drop in sales year over year."
"Still, Rivian is expecting a big year, with the imminent launch of the R2, and the recent unveiling of its self-driving car ambitions. Uber just invested $300 million in the company as part of a $1.25 billion robotaxi deal."
Rivian sold 10,365 vehicles in Q1 2026, a 20% increase year over year, and produced 10,236 vehicles, a 30% increase. The company expects to sell 62,000-67,000 vehicles this year. Compared to the previous quarter, sales rose 6.4% and production increased by 7.2%. Despite an 18% drop in total customer deliveries and production in the previous year, Rivian remains optimistic with the upcoming R2 SUV launch and a $300 million investment from Uber for its robotaxi initiative.
Read at The Verge
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