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Summary
Rivian (RIVN) closed at $13.19 on November 2, 2026, up 8.47%, while the Nasdaq Composite fell 1.07%.
Financial media tied the gain to a UBS analyst note that said initial R2 demand looks solid.
Rivian said the R2 was its best-selling vehicle in the third quarter, while cash burn and the R2 ramp remain risks.
Gotrade News - In the latest Rivian stock news, shares of Rivian (RIVN) closed at $13.19 on Monday, November 2, 2026, up 8.47%, or $1.03, from the previous close. The Rivian stock gain came as financial media tied the move to a UBS analyst note that said early demand for the company's R2 looks solid.
RIVN Trading Data
Data
Value
Closing price
$13.19
Change
+$1.03 (+8.47%)
Previous close
$12.16
Open
$12.75
Day range
$12.65 to $13.70
Volume
65.3 million shares
30-day average volume
26.6 million shares
52-week range
$11.38 to $22.69
Regular-session close on Monday, November 2, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 3, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Rivian opened at $12.75, above its previous close of $12.16, and traded between $12.65 and $13.70. It settled at $13.19, $0.55 above the day's low and below its intraday high. Volume reached 65.3 million shares, 145.36% above the average of 26.6 million shares.
The gain came on a mixed day for the major indices. The Nasdaq Composite fell 1.07% to 25,164.36 and the S&P 500 slipped 0.51% to 7,541.40, while the Dow Jones Industrial Average rose 0.41% to 51,983.98. That left Rivian 9.54 percentage points ahead of the Nasdaq. Fellow electric vehicle maker Tesla (TSLA) rose 1.00% to $403.82, while chipmaker AMD (AMD) fell 7.52% to $466.84.
Even after Monday's jump, Rivian closed 41.87% below its 52-week high of $22.69 and 15.96% above its 52-week low of $11.38.
Financial media tied Monday's gain to a note from UBS. According to TIKR, UBS analyst Joseph Spak revised his view on Rivian stock on November 2 and wrote that "initial R2 demand looks solid." The note followed a 19% drop in the shares over the past month, as reported by Proactive.
Proactive reported that UBS pointed to R2 demonstration drives of more than 103,000 in the third quarter of 2026, nearly double the prior quarter, and said conversion for the premium Launch Edition stayed above management's expectations. UBS also expects additional R2 variants to broaden demand across price points, range and performance, per the same report.
The note came days after Rivian's own third-quarter earnings report on October 29. According to the company's release, revenue rose 38% year over year to $2.155 billion, deliveries reached a record 19,248 vehicles, and the R2 became the best-selling Rivian vehicle, outselling both R1 and EDV. Rivian also raised its 2026 delivery guidance to 67,000 to 70,000 units, from 65,000 to 70,000.
RIVN Stock Analysis: Supporting Factors and Risks
Supporting Factors
Funding: Rivian ended the third quarter with $5.502 billion in cash, cash equivalents and short-term investments, and received $1.000 billion from a Volkswagen Group term loan facility in October, according to its release. Per Proactive, UBS sees no need for additional capital before 2029.
Capacity: Rivian is ramping a second R2 shift and plans a third in the first half of 2027, Proactive reported.
Profitability: consolidated gross profit was $176 million in the third quarter, a $152 million improvement from a year earlier, the company said.
Risks
Cash burn: free cash flow was negative $1.12 billion in the third quarter, and the share count is up 18% since the end of 2025, according to TIKR.
Execution: UBS sees manufacturing and supplier execution as bigger risks than demand and expects a third shift to add launch costs, per Proactive.
Loan condition: Rivian's Department of Energy loan of up to $4.5 billion requires a positive gross margin before its first draw, TIKR noted.
The next confirmed event is Rivian's Autonomy and AI Day on December 9, according to the company's release.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
