Rivian's R2 Is Finally in Driveways. Here's The Number That Decides Whether The Stock Doubles

Rivian launched its R2 SUV in June 2026, expecting it to expand its market and boost gross margins. The company projects 2026 deliveries of 65,000-67,000 vehicles with R2 accounting for 20,000-25,000 units, driving expected 38% revenue growth to $7.5 billion. At a valuation of 3x sales compared to Tesla's 12x, analysts suggest Rivian's stock could double if R2 sales targets are met.