Rivian stock has surged more than 30% since November, with a strong cash position and upcoming electric car releases, including an affordable SUV in 2026. The company’s revenue jumped 78% year over year in Q3, with a gross profit of $24 million. Rivian’s partnership with Volkswagen is seen as a major growth catalyst. The company expects to launch its mid-size electric SUV, R2, in 2026, competing with Tesla’s Model Y. Rivian is also working on more affordable EVs like the R3 and R3X. Shares soared after the Q3 results, with investors optimistic about 2026 prospects. Rivian’s relationship with Volkswagen is pushing the company towards profitability. Investors are betting big on the company’s future and driving the share price higher.

Read more at Yahoo Finance: With Rivian Stock Surging, Is It a Buy Before 2025 Ends?