Rivian's R2 Platform: Game Changer for EV Market
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
TD Cowens upgrade of Rivian stock to buy, with a price target of $20, spotlights the upcoming R2 platform as a game-changer. This lower-cost model, set to launch in Q2 2026, aims to hit the mainstream market and scale up production. Investors are buzzing about the potential for significant demand growth, as Rivian delivered 42,247 vehicles in 2025 and guides for 62,000-67,000 in 2026, a 53% jump. Rivian posted positive gross profit in Q4 and the full year, beating estimates despite expected losses. The company is expanding service centers and chargers, with a March 12th update expected for more R2 details and delivery targets in a post-credit market.
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