Overview
- Rivian will begin sending R2 order invitations, open public demo drives, and start U.S. customer deliveries on June 9 in waves prioritized by reservation date and proximity to service centers.
- The company began saleable R2 production at its Normal, Illinois plant on April 22 and has delivered ‘hundreds’ of R2s to employees while public VIN sightings show several hundred units assembled.
- Rivian’s shares extended a record winning streak into double digits, adding billions in market value as investors positioned for the R2 launch and for partner deals with Volkswagen and Uber.
- The automaker remains unprofitable after reporting $1.38 billion in first‑quarter revenue and a $416 million net loss, and it reaffirmed 2026 guidance of 62,000–67,000 deliveries with an adjusted pre‑tax loss forecast of $1.8–$2.1 billion.
- Near‑term risks include a recent NHTSA preliminary probe of R1 models, a drop in estimated U.S. registrations in May, and the need to convert R2 reservations into paid orders to shore up cash and justify further partner funding.