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Rivian's R2 Is Winning More Than Trophies and Fans
The Motley Fool·
Rivian's R2 SUV has become the company's best-selling vehicle and won Top Gear's SUV of the Year award, with strong reviews from MotorTrend comparing favorably against Tesla Model Y and Ford Mustang Mach-E. Q3 deliveries reached a record 19,248 vehicles with 46% year-over-year growth driven largely by R2. However, the automotive business still posted an $80 million gross loss, and profitability remains a key challenge for long-term investors.
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