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Jefferies upgrades Rivian to Buy after new entry point

By Drooid · Oct 30, 2026 · How we work

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Summary

Jefferies upgraded Rivian Automotive to buy, citing a new entry point.
Rivian posted Q3 loss of $0.48 per share, beating the $0.64 consensus estimate.
Revenue hit $2.16 billion, exceeding the $2.0 billion forecast.
The R2 mid-size SUV became best-selling model, driving a 46% YoY delivery rise to 19,248 units.
Management lifted the 2026 delivery outlook to 67,000-70,000 vehicles, up from a 65,000 floor.

History

In February 2008 Tesla delivered its first Roadster, the first serial-production electric sports car with lithium-ion batteries and over 200 miles range. By December 2012 it sold about 2,450 units worldwide, proving a niche EV could scale. Rivian’s 2024 surge—Jefferies’ upgrade and a 46 % rise in R2 deliveries—mirrors that early success, spurring investor confidence and prompting legacy makers to broaden electric lineups.

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In February 2008 Tesla delivered its first Roadster, the first serial-production electric sports car with lithium-ion batteries and over 200 miles range. By December 2012 it sold about 2,450 units worldwide, proving a niche EV could scale. Rivian’s 2024 surge—Jefferies’ upgrade and a 46 % rise in R2 deliveries—mirrors that early success, spurring investor confidence and prompting legacy makers to broaden electric lineups.

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