- Rivian forecasts Q2 revenue $1.55–$1.65B, raised full-year deliveries to 65k–70k. June 30 cash balance ~$5.3B. Revenue up from more deliveries, software/EEA/regulatory credits; Q2 results July 30.
- Rivian plans Europe expansion next year and advances R2 rollout; developing lower-cost R3 family to widen reach. Management warns EBITDA profit may be years away and shareholder dilution possible.
- Rivian R2 buyers report VIN and delivery delays; issues point to delivery bottlenecks, not full production stop. Some R2s seen parked as inventory at Rivian’s Normal, IL plant.
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Key facts: Rivian Q2 rev $1.55–1.65B; ups deliveries, R2 bottlenecks
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Rivian forecasts Q2 revenue $1.55–$1.65B, raised full-year deliveries to 65k–70k. June 30 cash balance ~$5.3B. Revenue up from more deliveries, software/EEA/regulatory credits; Q2