Rivian Predicts Big Jump in Sales as R2 SUV Set to Launch Soon. Its Stock Surged 27% Friday.

ETHReserveBank · 2026-02-13T23:12:00+00:00

Rivian's shares surged over 25% following strong quarterly results and a positive sales outlook. The company plans to launch its R2 SUV in Q2 and aims to deliver up to 67,000 vehicles in 2026, despite challenges in the EV market.

ETHReserveBank

2026-02-13 23:12:00

Abstract generation in progress

Key Takeaways

Rivian shares jumped more than 25% Friday after the electric vehicle maker reported better-than-expected quarterly results and issued a rosy outlook for sales growth.
Plans to launch its R2 SUV are still on track for the second quarter, and Rivian said it will announce details about the R2 and other products at an event on March 12.

A solid fourth quarter and ambitious plans for 2026 sent Rivian stock soaring Friday.

Rivian (RIVN) shares jumped more than 25% after the electric vehicle maker narrowly topped revenue estimates at $1.29 billion, while recording a smaller adjusted loss than analysts had forecast at 54 cents per share.

The company said its plans to start selling the R2, an SUV that will be cheaper than its current vehicles, remain on track for the second quarter. Rivian said that more details about its product lineup will be coming at a March 12 event.

Why This Matters to Investors

Rivian is looking to grow its share of the American EV market, at a time when Tesla’s sales are declining and other major automakers are shifting focus away from EVs. Friday’s move suggests investors are bullish on the company’s plans for this year.

Rivian expects to deliver between 62,000 and 67,000 vehicles this year, a more than 50% jump at the midpoint from the 42,247 it delivered in 2025. The company hopes software upgrades and its new model can help drive demand that has slowed in the U.S. after the Trump administration allowed EV tax credits to expire last September.

Wedbush analysts said they remain confident in Rivian’s long-term plan and said the EV maker is in the midst of a “massive transformation” as it looks to streamline production of its R1 vehicles and ramp production of R2s this year. Wedbush has an “outperform” rating on the stock and a $25 price target.

Related Education

Hybrids and EVs Are Shifting in Price—What the Latest Used Car Data Show Heading Into 2026

What Are Tesla’s (TSLA) Main Competitors?

Rivian shares rose 27% to close Friday’s session at $17.73. Despite today’s surge, the stock is still down 10% since the start of 2026 after hitting its highest level in two years in December.

UPDATE: This article has been updated to reflect closing share price information.

Do you have a news tip for Investopedia reporters? Please email us at

[email protected]

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.