Rivian reported third-quarter vehicle deliveries of 19,248 units, exceeding Wall Street estimates and marking a 46% year-over-year increase. The company reaffirmed its 2026 delivery guidance of 65,000 to 70,000 vehicles, citing strong momentum from the new R2 SUV. While the broader US electric vehicle market faces headwinds, Rivian’s production ramp at its Normal, Illinois facility has accelerated, with Q3 production reaching 19,751 units. Analysts note that achieving full-year targets requires a significant fourth-quarter surge, though the introduction of the R2 Performance trim supports this trajectory despite delays in advanced driver-assistance features.