Today: 28 June 2026
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NASDAQ:RIVN 13 March 2026 - 18 June 2026

Rivian cuts jobs by the hundreds; R2 launch adds to profit squeeze

Rivian cuts jobs by the hundreds; R2 launch adds to profit squeeze

Rivian is cutting hundreds of jobs—less than 2% of its workforce—mainly in sales and marketing, just days after starting deliveries of its crucial, lower-priced R2 SUV; shares closed up 2% at $16.26 after earlier declines on layoff and R2 news, as investors weigh whether cost cuts can boost margins while Rivian targets 62,000-67,000 deliveries this year despite ongoing losses and rising R&D spending.
Rivian Bulls Watch June 9 as R2 Countdown Nears

Rivian Bulls Watch June 9 as R2 Countdown Nears

Rivian shares jumped 3.9% to $16.95 as buyers piled in ahead of next week’s first R2 SUV deliveries. Volume topped 43 million shares; market cap hit $21.2 billion. Volkswagen’s $1 billion investment closed April 30. Q1 revenue rose 11% to $1.381 billion, but Rivian still guides for a $1.8–$2.1 billion adjusted EBITDA loss in 2026. U.S. auto safety regulators are probing 114,922 R1 vehicles over a rear toe link issue.
Rivian gets attention after June 9 R2 launch date puts RIVN in focus

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.
Rivian Shares Pop as R2 Launch Nears

Rivian Shares Pop as R2 Launch Nears

Rivian shares closed Friday at $16.30, up 7.24%, capping a 14.6% gain for the week. U.S. safety officials opened a preliminary investigation into over 114,000 Rivian R1S and R1T vehicles for possible rear toe-link issues. Rivian will begin R2 order invitations, customer deliveries, and demo rides on June 9. Trading resumes Monday after the holiday-shortened week.
Rivian shares rise as company announces R2 SUV launch date

Rivian shares rise as company announces R2 SUV launch date

Rivian shares rose 7.6% to $16.36 by midday Friday after the company set June 9 for its first R2 SUV customer event. Trading volume reached 24.3 million shares. Rivian expects to deliver up to 25,000 R2s by year-end and reported $1.381 billion in first-quarter revenue. U.S. regulators opened a preliminary probe into 114,922 R1S and R1T vehicles over a possible suspension defect.
Rivian shares move higher into long weekend as $45,000 R2 hits next test

Rivian shares move higher into long weekend as $45,000 R2 hits next test

Rivian shares closed Friday at $14.22, up 0.49% for the day and 3.1% for the week, outpacing the Nasdaq ahead of the Memorial Day market closure. The stock rebounded after early-week losses, with investors watching R2 delivery progress and launch costs. Rivian’s R2 SUV lineup starts at $45,000, with first deliveries planned for 2026. CEO RJ Scaringe said production has begun in Illinois.
Rivian Stock Pops as R2 Ramp Gives Traders a New Reason to Look Again

Rivian Stock Pops as R2 Ramp Gives Traders a New Reason to Look Again

Rivian shares climbed 4.4% Wednesday to $13.465 after a production update on its new R2 SUV from the Illinois plant, where the first R2 rolled out in April. The company expects to build up to 155,000 R2s a year when fully scaled. Rivian reported Q1 revenue of $1.381 billion and a net loss, with negative free cash flow of $1.075 billion. CEO RJ Scaringe said R2 production is ramping up and hiring is underway.
Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Mind Robotics, spun out of Rivian, raised $400 million in a round led by Kleiner Perkins, valuing the company at $3.4 billion. The startup uses production data from Rivian’s factories to train industrial robots. Rivian shares traded at $13.96, down 56.5 cents, with a market value of $17.4 billion. Rivian began deliveries of its R2 SUV, targeting 62,000 to 67,000 units in 2026.
Rivian Stock Slides as Smaller Federal Loan Puts Its R2 SUV Bet Under the Microscope

Rivian Stock Slides as Smaller Federal Loan Puts Its R2 SUV Bet Under the Microscope

Rivian shares fell 5.7% to $15.47 after the company said its federal loan for a Georgia factory would be cut to $4.5 billion. First-quarter revenue rose 11% to $1.38 billion, with a net loss of $416 million. Rivian kept its 2026 delivery forecast and reported 10,236 vehicles produced in Q1. Volkswagen invested $1 billion after software milestones; Uber-linked SMB Holding agreed to invest up to $1.25 billion.
Rivian’s R2 Moment Is Here, and Traders Are Betting the Next Move Could Be Sharp

Rivian’s R2 Moment Is Here, and Traders Are Betting the Next Move Could Be Sharp

Rivian has begun production of its R2 SUV at its Illinois plant, days before reporting first-quarter results on April 30. The new model targets a lower price point, with the base version set to launch around $45,000 in 2027. Options traders are bracing for a sharp move in the stock, which last traded near $16.50. A recent tornado damaged part of the factory roof, but Rivian said production plans remain unchanged.
Uber’s $10 Billion Robotaxi Bet Marks Sharp Shift as Self-Driving Race Heats Up

Uber’s $10 Billion Robotaxi Bet Marks Sharp Shift as Self-Driving Race Heats Up

Uber has committed over $10 billion to robotaxis, with more than $7.5 billion for fleets and $2.5 billion for equity stakes in autonomous driving partners, according to the Financial Times. The company plans to launch robotaxi services in at least 28 cities by 2028 and has signed deals with Baidu, Rivian, and Lucid. Uber did not immediately comment on the reported figures.
Uber Stock Price Slides Again as Rivian Robotaxi Bet Raises Fresh Questions

Uber Stock Price Slides Again as Rivian Robotaxi Bet Raises Fresh Questions

Uber shares closed at $73.89 Friday, down 1.9% amid a broader tech selloff and investor concerns over costs tied to its robotaxi strategy. Uber and Rivian plan to deploy 10,000 autonomous vehicles in San Francisco and Miami by 2028, with a $300 million initial investment. Rival Waymo operates about 2,500 robotaxis in several U.S. cities. Uber’s core business remains strong, with Q4 trips up 22% and revenue up 20% year over year.
Lyft Stock Price Today: Shares Steady After Jefferies Cut Flags U.S. Slowdown and Waymo Risk

Lyft Stock Price Today: Shares Steady After Jefferies Cut Flags U.S. Slowdown and Waymo Risk

Lyft shares rose 0.7% to $13.47 Friday after Jefferies cut its price target and warned of slower U.S. rideshare growth and Waymo’s gains. Jefferies said Lyft’s U.S. growth slowed for seven quarters, with Waymo’s weekly paid rides tripling in 2025. Uber announced a $1.25 billion Rivian investment and plans for 10,000 autonomous SUVs. Lyft unveiled new AI partnerships but faces skepticism over future demand.
Rivian Stock Price Today: RIVN Slides as Wall Street Weighs Uber’s $1.25 Billion Robotaxi Bet

Rivian Stock Price Today: RIVN Slides as Wall Street Weighs Uber’s $1.25 Billion Robotaxi Bet

Rivian shares dropped 6% to $15.21 Friday after Uber announced a robotaxi partnership worth up to $1.25 billion. Uber or its partners plan to buy at least 10,000 autonomous R2 vehicles, with possible expansion to 40,000 more. Rivian said increased R&D spending means it no longer expects adjusted core profit in 2027. Only the first $300 million of Uber’s investment is guaranteed, with the rest tied to milestones.
Rivian Stock Price Falls Again After R2 SUV Reveal Raises Pressure on 2026 Growth

Rivian Stock Price Falls Again After R2 SUV Reveal Raises Pressure on 2026 Growth

Rivian shares fell 2.8% to $14.86 after the company priced its first R2 SUV at $57,990, higher than the $45,000 entry model promised for late 2027. The rollout starts with a high-performance trim this spring, with cheaper versions delayed. Rivian reported a $3.65 billion net loss on $5.39 billion revenue in 2025 and expects up to $2.05 billion in capital spending this year.
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Stock Market Today

  • Ford Shares Rise as Quality Improves Despite Recall Concerns
    June 28, 2026, 4:47 PM EDT. Ford Motor Company shares edged up to $14.13, up 0.14% on Friday, starting a shortened four-day trading week ahead of U.S. Independence Day. The automaker's stock gained 0.5% for the week, outperforming General Motors and Stellantis. Ford led mass-market brands in J.D. Power's 2026 Initial Quality Study with 152 problems per 100 vehicles, versus the industry average of 175, marking significant improvement. However, recall risks persist, with Ford recording 51 recalls in 2026, the highest in the industry, and remaining under federal scrutiny for delayed rearview camera recall actions. CEO Jim Farley and COO Kumar Galhotra emphasized a focus on quality and reduced warranty costs, projecting continued improvement through 2026.

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