Tesla Rival Rivian's US Sales Decline For Fourth Consecutive Month Ahead Of R2 Launch

Sales of Rivian Automotive Inc. fell consecutively for 4 months successful the U.S. arsenic the electrical automaker gears up to motorboat the awaited R2 Crossover SUV.

Rivian income fell during the archetypal 4th by implicit 26.5% YoY arsenic the institution sold 8,141 vehicles successful Q1 2026 compared to the 11,070 units it delivered past year, according to a study by Electric Vehicles connected Wednesday. During March, Rivian sold 2,925 units, an astir 1000 portion diminution from the 3,910 units it sold successful March 2025.

Don't Miss:

• High-net-worth individuals often trust connected fiscal advisors to usher cardinal decisions—this abbreviated quiz helps link you with 1 based connected your goals, astatine nary upfront cost

• Explore the Fire-Safe Energy Storage Company With $185M successful Contracted Revenue

Rivian sold implicit 2,516 units successful January and implicit 2,700 vehicles successful February, with the study saying that the EV maker’s income dropped to a caller three-year low. The income diminution began successful December past year.

The quality comes arsenic Rivian’s R2 Crossover SUV aims to supply a income boost to the company. Rivian presently offers the R1S and R1T successful its lineup, which are premium vehicles priced supra $70,000.

According to Rivian’s guidance for 2026 deliveries, the automaker expects anyplace from 62,000 to 67,000 full vehicles. Out of that figure, the institution expects to merchantability 20,000 to 25,000 R2 vehicles. The R2’s Standard Trim, which volition get adjacent year, volition bid a terms of $48,490.

Trending: What If Tires Didn't Need Air — Or Replacing? This Startup Says It's Possible

The institution besides signed a $1.25 cardinal woody with Uber Technologies Inc., which volition spot the ride-hailing level put successful the automaker done 2031, aiming to deploy respective 1000 R2 Robotaxis crossed aggregate cities by 2031.

The automaker besides unveiled its Universal Hands Free assisted driving system, which, the institution says, tin thrust connected implicit 3.5 cardinal miles of roads crossed the U.S. and Canada wherever lanes are intelligibly marked.

Rivian volition instrumentality connected Tesla Inc.‘s Full Self-Driving (FSD) strategy with its ain LiDAR and camera-based attack to autonomous driving, sharing that the R2 would beryllium fitted with LiDAR tech.

Read Next: 

• Bad Ads Live Forever — See How This AI Helps Fortune 1000 Brands Avoid Them

• Blue-chip creation has historically outpaced the S&P 500 since 1995, and fractional investing is present opening this organization plus people to mundane investors.

Photo courtesy: Michael Berlfein via Shutterstock

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click present to get apical commercialized ideas daily, positive unlimited entree to cutting-edge tools and strategies to summation an borderline successful the markets.