Rivian to Begin R2 Deliveries in 2Q Before Ramping Production -- Market Talk

Dow Jones02-14

1100 ET - Rivian expects to begin deliveries of its new R2 model in the second quarter before production ramps up in the back half of the year, executives said on a call with analysts. The company will begin production with a single shift before adding a second in the second half and a third shift in 2027. Rivian is betting that the model will be a compelling electric vehicle alternative around the $50,000 price point. "There's going to be a large demand backlog that we're working through and a tremendous amount of excitement for the R2 vehicle," CEO RJ Scaringe told analysts. Shares are up 20%.(elias.schisgall@wsj.com)

(END) Dow Jones Newswires

February 13, 2026 11:00 ET (16:00 GMT)

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Rivian is betting that the model will be a compelling electric vehicle alternative around the $50,000 price point. \"There's going to be a large demand backlog that we're working through and a tremendous amount of excitement for the R2 vehicle,\" CEO RJ Scaringe told analysts. 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