Rivian Automotive Stock News

Rivian Automotive Inc (NASDAQ:RIVN) received the full $1 billion commitment from Volkswagen Group (XETRA:VOW) on Wednesday, with the proceeds distributed to the electric-vehicle maker for general corporate purposes. The funding was provided under the companies' existing joint venture agreement through two linked $1 billion loans involving the joint venture and a Rivian subsidiary.

Volkswagen's funding and higher oil prices offer potential support for Rivian, but slowing EV demand continues to weigh on sentiment.

The EV maker reported quarterly sales of 19,248 vehicles, up 46% year over year, and maintained its guidance. Still, investors wanted a forecast bump.

Rivian sold more electric vehicles than ever in the third quarter, thanks in large part to the launch of its new, more affordable R2 SUV.

Rivian has issued a recall for its R2 SUV after the company discovered that fasteners on its high-voltage battery pack might not be properly tightened, which can cause a loss of power while driving.

Rivian reported a year-over-year increase in vehicle deliveries of 46% during the third quarter. The electric vehicle maker also reconfirmed its 2026 vehicle delivery guidance of between 65,000 and 70,000.

Rivian Automotive reported record third-quarter deliveries on Friday, beating analysts' estimates after rolling out its cheaper ​R2 SUV targeted at a broader section of the ‌mass EV market.

A coalition of carmakers says that in nine months, it has doubled the number of charging ports it offers — although its network size still pales in comparison to Tesla's.