- Stocks of all-electric American automaker Rivian have reached a 52-week high, with its stock price most recently touching $18.02 USD.
- This represents an impressive rise of over 35% over just the last five days. But what is behind the sudden surge in Rivian stock value?
- From a kept-under-wraps announcement coming in December to the arrival of its most affordable EV yet, the Rivian R2, in 2026, there are several reasons why investors are feeling more optimistic than ever about Rivian’s future.
Rivian stock value hits 52-week high
The record stock price comes just days after Rivian published its Q3 financial results, showing a year-on-year revenue growth increase of 78%, and record high delivery figures – with over 13,200 EVs delivered to customers between the start of July and the end of September. Back in the summer, the automaker also received another $1 billion worth of investment from Volkswagen Group, as part of the two brand’s ongoing joint venture allowing them to share software and EV architecture.
The $45,000 Rivian R2 remains on track for a 2026 debut
In the financial results, Rivian also confirmed that its cheapest electric SUV yet, the Rivian R2, remains on track for a release in the first half of 2026.
In the US, the R2 is expected to be priced from $45,000 USD. That marks a significantly lower price over the sole electric SUV Rivian currently offers, the R1S, which currently starts from $76,990 USD. The company has also been busy creating its second production site in Georgia. This plant is scheduled to start producing vehicles from 2028, and with a projected annual production capacity of 400,000 vehicles once both phases of the project are complete, it’ll help complement growing demand for its future R2.
The R2 will also mark a major milestone for Rivian’s European operations. Whilst it has already deployed its electric delivery van in partnership with Amazon in countries such as Germany, the R2 will be the first passenger EV to arrive in Europe from the brand. Further down the line, Rivian’s even more affordable R3 model will also make its way to Europe alongside the North American market.
December’s ‘Autonomy and AI day’
The stock price surge can also be attributed to the building anticipation for Rivian’s ‘Autonomy and AI Day’, which will see key announcements surrounding the manufacturer’s future vision for autonomy and AI within its vehicles. There’s limited details on what exactly we’ll see on the day, but we should expect to see an updated product roadmap, and further details on how Rivian will use machine learning to speed up the development of its autonomous driving features.
