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Myb News · Nov 12, 2026

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Rivian is selling more vehicles. So why is the stock still struggling? RIVN traded at $13.09 at 11:53 AM Eastern, down 3.32% from Wednesday's close. The electric SUV, pickup and delivery-van maker is betting big on its R2 SUV. Third-quarter deliveries reached 19,248, up 46% from a year earlier, while revenue climbed 38% to $2.155 billion. But selling more cars doesn't automatically mean making money. Its vehicle business posted an $80 million gross loss. Software and services generated $256 million in gross profit, but after all expenses, Rivian still lost $913 million attributable to common shareholders and burned about $1.12 billion in free cash flow during the quarter. The bull case: more R2 sales spread factory costs over more vehicles, while software brings in higher-margin income. Rivian raised its 2026 delivery outlook to 67,000-70,000 vehicles. The risk: growth stays expensive. R2 launch costs added about $120 million during the quarter, and the vehicle business still isn't consistently profitable. Those earnings came out October 29, not today. Today's drop comes during a jumpy market, with no single confirmed new Rivian headline explaining the entire move. The big question: can Rivian turn growing sales into a business that pays for itself?

*Rivian is selling more vehicles. So why is the stock still struggling?* RIVN traded at *$13.09 at 11:53 AM Eastern, down 3.32%* from Wednesday's close. The electric SUV, pickup and delivery-van maker is betting big on its R2 SUV. Third-quarter deliveries reached *19,248, up 46%* from a year earlier, while revenue climbed *38% to $2.155 billion*. But selling more cars doesn't automatically mean making money. Its vehicle business posted an *$80 million gross loss*. Software and services generated $256 million in gross profit, but after all expenses, Rivian still lost *$913 million attributable to common shareholders* and burned about *$1.12 billion in free cash flow* during the quarter. *The bull case:* more R2 sales spread factory costs over more vehicles, while software brings in higher-margin income. Rivian raised its 2026 delivery outlook to 67,000-70,000 vehicles. *The risk:* growth stays expensive. R2 launch costs added about $120 million during the quarter, and the vehicle business still isn't consistently profitable. Those earnings came out October 29, not today. Today's drop comes during a jumpy market, with no single confirmed new Rivian headline explaining the entire move. *The big question: can Rivian turn growing sales into a business that pays for itself?*

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