Rivian gets attention after June 9 R2 launch date puts RIVN in focus
Rivian shares jumped 7.2% Friday and 14.6% for the week after the company said R2 SUV deliveries begin June 9. Shares closed at $16.30 on May 29 with volume near 59.3 million. Rivian posted a $416 million net loss last quarter despite $1.381 billion in revenue and 10,365 vehicles delivered. The company targets up to 67,000 deliveries in 2026 and continues to burn cash.