Rivian Stock Surge Amid Cautious Analyst Outlook
Rivian shares have soared 44% in a week, buoyed by optimistic Q3 results and anticipation for the R2 SUV launch. Yet D.A. Davidson's Michael Shlisky warns against premature celebration, calling the quarter "a bit more of the same."
The EV maker has slashed tariff costs per vehicle from thousands to hundreds and teased an "Autonomy Day" event. Shlisky expects Rivian to showcase driver-assist features rather than full self-driving—a strategic pivot preserving the joy of driving while automating mundane tasks.
With the R2 platform potentially enabling shared-ride applications, Rivian's 2026 vision appears focused on balancing technological advancement with consumer preferences for engaged driving experiences.