Rivian Revenue Surges 38% in Q3 as New R2 Quickly Becomes Top Seller

Rivian posted a 38% year-over-year revenue bump to $2.155 billion in the third quarter, fueled by strong early demand for its midsize R2 SUV. In its first full delivery quarter, the R2 overtook both the flagship R1 lineup and commercial delivery vans to become the automaker's top-selling vehicle. Despite raising full-year financial targets, production scaling costs for the new platform temporarily compressed automotive margins.