RIVN Stock Eyes 10th Straight Day Of Gains — CFO Teases More Licensing Deals Ahead Of R2 Deliveries

• Rivian is now preparing for one of its most important product launches to date. 
• External customer deliveries and test drives of the more affordable midsize R2 SUV begin June 9 at Rivian showrooms and service centers across the U.S. 
• The CFO views the addressable market for the R2 as “enormous.”

Shares of Rivian Automotive Inc (RIVN) rose 3% on Wednesday after Rivian CFO Claire McDonough said the company sees significant additional opportunities to license its electrical architecture, software, and autonomous-driving hardware and software to other automakers, building on its existing partnerships.

The stock is now on track to close in the green for the 10th consecutive session in the run-up to the start of deliveries of the company’s R2 mid-size SUV.

Partnership Scope

“We certainly have designed our technology stack for sizable scale in Rivian’s long term, but certainly also see opportunities for partnership via licensing or monetization as well,” McDonough told investors at the 2026 Baird Global Consumer, Technology & Services Conference, while highlighting the EV company’s existing partnerships with German automaker Volkswagen and ride-hailing platform Uber Technologies.

She noted that the successful integration of Rivian’s core technology into multiple Volkswagen Group brands has created a “lighter lift” for potential future deals with other carmakers.

Upcoming R2 Delivery Kickstart

The comments came as Rivian prepares for one of its most important product launches to date. External customer deliveries and test drives of the more affordable midsize R2 SUV begin June 9 at Rivian showrooms and service centers across the U.S.

Production of the R2 is ramping in the company’s existing Normal, Illinois factory, which has 215,000 units of total annual capacity across three vehicle lines, McDonough said. The new R2 body shop and general assembly lines were engineered for 155,000 units per year, with flexibility to build R1 and commercial vans alongside it.

R2 Market And Scope

McDonough views the addressable market for the R2 as “enormous.” It targets the largest and fastest-growing segment in the industry—the five-passenger SUV and crossover space across the U.S., EMEA, and eventually other regions—and is positioned to attract both loyal Rivian customers and first-time EV buyers, she noted.

The R2, priced from approximately $45,000 for the cheapest variant, is Rivian’s first mass-market model and is designed to compete directly with vehicles like Tesla’s best-selling Model Y. Rivian’s other offerings, including the R1T electric truck and the R1S electric SUV, are priced above $70,000 and cater to a more premium customer base.

R2’s online configurator now shows three variants, namely standard, premium, and performance, priced between $48,490 and $57,990. Deliveries will commence with the Performance variant, followed by the Premium variant slated for later this year, and the Standard variant, which is slated to be launched next year.

For the whole of 2026, Rivian now expects to deliver 62,000-67,000 vehicles, up from the 42,247 vehicles delivered in 2025.

Plans Ahead

McDonough also added that the company, though it is starting with the R2 launch in the US, wants to make it a global platform. “As we scale the product over time, we certainly have ambitions to take it more global as well,” the CFO said, while adding that the company intends to have its stores, called spaces, in Europe as well.

The same midsize platform that underpins the R2 will also host the R3 crossover, unveiled alongside the R2, and the upcoming R2-based robotaxi variant being developed for Uber. The company will build these at its upcoming factory in Georgia, where construction is underway. The new factory is slated to come online in 2028.

How Did RIVN Retail Traders React?

On Stocktwits, retail sentiment around RIVN stock stayed within the ‘extremely bullish’ territory over the past 24 hours, while message volume remained at ‘high’ levels.

A Stocktwits user expressed optimism about the stock rising higher.

Another highlighted the increasing demand for electric vehicles.

RIVN stock has gained 24% over the past 12 months. 

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