Rivian Rally or Risk? EV Start-up Stock Jumps on Q3 Beat, Layoffs & R2 Hype
Key Facts: Rivian’s stock closed around $13 on Nov. 4, 2025, giving it a market cap of about $15.2 billionstockanalysis.com. In Q3 2025 Rivian delivered 13,201 vehicles and reported $1.558 billion in revenue, up 78% year-over-yearbusinesswire.com. Adjusted gross profit turned positive for the quarterbusinesswire.com. Management kept 2025 delivery guidance at 41,500–43,500 vehiclesbusinesswire.com; losing the $7,500 federal EV tax credit caused a short-term pull-forward of orders, then softer demandreuters.comreuters.com. Rivian announced a 600‑job layoff on Oct. 23 to cut costsreuters.com. CEO RJ Scaringe said the company is on track to start production of its new R2 mid‑size SUV in H1 2026businesswire.comtechbuzz.ai. Analysts currently have a “Hold/Reduce” consensus on RIVN, with an average 12‑month target near $13–14marketbeat.commarketbeat.com. Wall Street price targets range from about $10 to $21marketbeat.commarketbeat.com, reflecting wide views on Rivian’s outlook.