Rivian Automotive has surpassed analysts’ expectations for Q1 vehicle deliveries, signaling steady demand for its SUVs and R1T pickup trucks after a dip last year, when U.S. tax credits for electric vehicles ended.
The Irvine, California-based automaker announced on Thursday that it produced 10,236 vehicles in the March quarter, compared to estimates of 9,852. It also reaffirmed its full-year delivery forecast of 62,000 to 67,000 vehicles.
Rivian’s sales declined in the December quarter after a $7,500 U.S. federal EV tax credit expired in September, raising prices and removing an incentive that had long attracted buyers.
The news comes after the company’s recent announcement of a long-term partnership with Uber last month, where Uber plans to invest up to $1.25 billion in Rivian and start deploying Rivian’s fully autonomous R2 SUVs as robotaxis starting in 2028.
Rivian will release its Q1 2026 financial results after market close on April 30, 2026.
By CEO NA Editorial Staff
