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Why Rivian Stock Keeps Falling Despite R2 Launch and Q1 Earnings Beat

Rivian R2 Glacier White Construction

R2 production officially started in April, Q1 came in ahead of estimates with a third straight quarter of positive gross profit, deliveries grew 20 percent year over year, and Volkswagen raised its stake to 15.9 percent. RIVN is down 31 percent on the year anyway. The gap between what Rivian is doing and what the market is pricing in has rarely been this wide.

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Why Rivian’s AI-Defined Vehicle Push Actually Matters

Rivian Autonomy+ Co-Steer

Rivian's AI-defined vehicle framing sounded like marketing theater when Chief Software Officer Wassym Bensaid first dropped it on stage at Autonomy and AI Day back in December. Five months later, with Rivian Assistant actually shipping and a wider AI strategy coming into focus across voice, autonomy, and the Volkswagen joint venture, it's a lot harder to write off as buzzword theater.

Read moreWhy Rivian’s AI-Defined Vehicle Push Actually Matters