Rivian stock surged over 20% after reporting strong delivery guidance for the year, with expectations of 62,000 to 67,000 vehicle deliveries for 2026. The upcoming R2 midsize vehicle is set for customer deliveries in the second quarter, boosting sales. CEO RJ Scaringe highlighted the importance of the R2 program for long-term profitability. However, Rivian expects an adjusted EBITDA loss of $1.80 billion to $2.10 billion for 2026. Revenue for the quarter was $1.286 billion, down 27% from last year. Rivian aims to raise $2 billion in cash and debt from its joint venture with Volkswagen. The company is focused on ramping up production for the R2 and expanding its AI and tech development efforts.

Read more at Yahoo Finance: Rivian surges over 20% on delivery guidance, R2 launch in Q2; CEO says ‘key inflection’ reached