Rivian Shares Soar 30% on Analyst Upgrades as R2 Rivals Model Y
Rivian shares jumped 30% after multiple analysts raised ratings and highlighted its R2 crossover set to compete with Tesla’s Model Y. Its Q4 loss narrowed to $0.54 per share on $1.29 billion revenue, topping estimates despite a 25.8% year-over-year decline, and 2026 delivery guidance of 62,000-67,000 units underscores its growth outlook.
1. Analyst Upgrades Drive Stock Jump
Multiple analysts raised their buy ratings and price targets on Rivian after management highlighted upgrades to its R2 model. This consensus of improved outlook propelled a 30% surge in share price as investors refocus on its upcoming Tesla Model Y rival.
2. Q4 Financial Results
Rivian posted a fourth-quarter loss of $0.54 per share on $1.29 billion in revenue, topping consensus estimates. Despite beating forecasts, revenue declined 25.8% year-over-year and the gross margin contracted to 9%.
3. Production and Deliveries
The company produced 10,974 vehicles in Q4 and delivered 9,745 units, down from 12,727 and 14,183 units a year earlier respectively. Adjusted operating expenses rose to $712 million, contributing to expanded adjusted EBITDA loss of $465 million.
4. 2026 Guidance and Cash Position
Rivian forecasts 62,000-67,000 vehicle deliveries for 2026 with adjusted EBITDA negative between $1.8 billion and $2.1 billion. It plans $1.95 billion-$2.05 billion in capital expenditures and ended 2025 with $3.57 billion cash against $4.44 billion of long-term debt.