Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
- by lulegacy
- Jun 06, 2026
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But shares of RIVN remain down about 12% YTD and have lost more than 86% since their post-IPO all-time high.
Much of that can be attributable to the company still not operating at a profit.
Last year, Rivian had a net loss of $3.6 billion. Scaling production has dramatically outpaced the company’s revenue growth, but that gap is closing.
A Q1 2026 loss of $416 million shows a dramatic 64% improvement from the company’s seven-quarter high loss of $1.17 billion in Q3 FY2025. The first quarter, however, was helped by a $506 million gain in other income.
The company is still grappling with declining sales in the wake of the discontinuation of EV credits, as well as elevated fixed costs associated with building factories for forthcoming mass-market models. But the biggest hindrance to Rivian’s success remains its global footprint—or lack thereof.
Outside of its limited electric delivery van deliveries, which are used by Amazon
NASDAQ: AMZN
in select European cities, the company currently only sells models in the United States (excluding Alaska) and Canada. Rivian owners who import vehicles into markets outside the company’s current service footprint through grey-market channels may be responsible for shipping them back to North America for warranty repairs or service at their own expense.
The company’s mixed earnings haven’t exactly helped investor sentiment, either. Rivian has missed analyst expectations in three of the last seven quarters, despite revenue beating forecast in all but one of those quarters. Combined with an annual cash burn rate projected to reach as high as $5 billion this year, Wall Street’s outlook is tempered.
The stock receives a consensus Hold rating alongside an average 12-month price target that suggests about 7% upside from current prices.
Rivian Automotive, Inc. (RIVN) Price Chart for Saturday, June, 6, 2026
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