Rivian Sees Huge Growth in California as R1S and R1T Gain Popularity as Tesla Alternatives

Rivian saw explosive 156% growth in California in Q2 2022 with over 2,200 vehicle registrations, up from 870 in Q1.
The Rivian R1S SUV was the company's hottest seller in California in the first half of 2022.
Rivian emerged as a popular Tesla alternative, with the R1S and R1T topping consideration lists.
The brand became the off-road capable EV of choice in recreation areas like Lake Tahoe.
Rivian stock saw a bullish call by Baird analyst citing supply chain improvements and in-house components.

forbes.com

Relevant topic timeline:

9/26/2023

Rivian Soars While Tesla Stumbles - EV Newcomer Rivian Expected to Beat Q3 Delivery Estimates as Tesla Faces Production and Demand Hurdles

Rivian Automotive is expected to exceed electric vehicle delivery estimates in the third quarter, while Tesla faces obstacles, according to an analyst.

9/26/2023

Rivian Stock Jumps on Positive Analyst Comments and Bullish Outlook

Rivian Automotive's stock soared 6% after analysts predicted strong third-quarter deliveries and highlighted the company's improving margins and solid demand for its electric vehicles.

9/26/2023

Rivian Gets Thumbs Up from Analyst As Custom R1T Pickup Wows, Tesla View More Critical

Electric vehicle stock Rivian (NASDAQ:RIVN) received positive news from analysts, with Baird marking it as a "fresh pick" likely to beat delivery projections, resulting in a 6.5% increase in shares; additionally, reports of a lifted version of the Rivian R1T have further augmented its appeal to pickup enthusiasts.

9/26/2023

Rivian Soars on Buy Rating and Fisker Ramps Up Deliveries of New Electric SUVs

Rivian's stock rises on predicted Q3 delivery success despite a slight decrease in estimates, while Fisker anticipates a significant increase in EV deliveries in the US and Europe for the fourth quarter.

10/2/2023

Rivian Doubles Vehicle Production in Q3, Beats Expectations and Remains on Track to Hit 2022 Targets

Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.

10/2/2023

Rivian Stock Drops Despite Analyst Upgrade and Strong Q3 Deliveries

Shares of electric truck start-up Rivian Automotive received an upgrade and reported strong delivery numbers, despite a drop in stock prices.

10/5/2023

Stocks Move on Earnings: Rivian Tumbles, Clorox Slides, Orchard Soars, Lamb Weston Jumps after Quarterly Results

Electric vehicle maker Rivian Automotive announces plans to raise $1.5 billion in convertible notes, causing a 19% drop in share prices, while McDonald's supplier Lamb Weston experiences a 10% jump in shares after beating analysts' expectations.

10/22/2023

Rivian's Electric R1T Takes First Place at Rebelle Rally Thanks to Green Hydrogen Chargers

The 2023 Rebelle Rally marked a significant milestone for EV maker Rivian, as its all-electric R1T became the first EV to win the off-road competition, highlighting the company's use of motorsports as a proving ground and the development of features based on feedback from the rally.

10/27/2023

Rivian Stock Drops Despite Upcoming Earnings Report

Rivian Automotive's stock has dropped by 29.94% in the past month, and the company is set to announce its earnings on November 7, 2023, with projected year-over-year growth of 13.38% and an estimated revenue increase of 154.57%.