Rivian Is Up 12% Today and It's Actually Earned It This Time
Rivian Is Up 12% Today and It's Actually Earned It This Time
just beat its own Q2 delivery forecast by delivering 12,194 vehicles when they only expected 9,000 to 11,000
R2 deliveries started, AT&T 5G deal landed, and they raised full year guidance to 65,000-70,000 vehicles
the margins are still brutal and the CEO literally called R2 a make-or-break moment
but is this finally the quarter where stops being a story stock and starts becoming a real company?
The delivery beat is encouraging, but Rivian still needs to prove it can improve margins and scale profitably before the turnaround story is complete.
finally has momentum, but the real test is whether stronger deliveries translate into healthier margins and a successful R2 launch.
still not fully convinced but this is the first time in a while actually gave me a reason to pay attention
