- Rivian shares fell to $12.16 on October 19, 2026, a 14-month low and a 46% decline from the December peak.
- Class A shares outstanding rose 19.4%, and investors are weighing future equity raises against cash burn.
- Q3 2026 R1S and R1T sales fell 31.8% and 27.2%. The record quarter was driven mainly by commercial van deliveries, and the R2 ramp only offset R1 declines.
- CFO Claire McDonough is preparing to leave Rivian, adding to investor concern.
- Rivian and Redwood Materials announced on October 14, 2026 an expanded partnership covering battery scrap recycling and storage at the Normal, Illinois plant. This is background to the stock move, not a driver of it.
- CEO RJ Scaringe said on October 19, 2026 that autonomy will enable dramatically different vehicle designs beyond R2 and R3, with R4 next.
Quotes
“It can create dramatically different experiences”
“Giving Rivian battery packs a second life in stationary storage is a massive unlock for the energy transition”