Rivian Reports Q1 Loss of 33 Cents per Share, Revenue of $1.381 Billion
Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell.From the hotly-debated high-flier Tesla, Wall Street's newest darling Rivian, traditional-stalwarts turned EV-upstarts GMand Fordto the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with "Charged," a weekly recap of the top stories and expert calls in the sector.Clickto check out Tesla's recent Media Buzz Sentiment as measured by TipRanks.RESULTS:On April 30, Rivian reported Q1 losses per share of (33c) and revenue $1.381B, with consensus at (60c) and $1.37B, respectively. RJ Scaringe, Rivian Founder and CEO, said, "With the launch of R2, we are excited to dramatically expand our market opportunity and have more people driving Rivians. The support of the Department of Energy for the $4.5 billion loan to build our Georgia facility enables Rivian to grow American jobs and establish stronger U.S. technology and manufacturing leadership while further scaling our customer base."The company sees FY26 adjusted EBITDA in the range of ($2.1B)-($1.8B) and FY26 vehicles delivered between 62,000 - 67,000, it noted.Cantor Fitzgerald raised the firm's price target on Rivian to $19 from $18 and kept a Neutral rating on the shares following quarterly results. Rivian reaffirmed its FY26 delivery and financial guidance while highlighting R2 production ramp as the key near-term catalyst, supported by improving liquidity, strategic partnerships with Uberand Volkswagen, and expanded manufacturing capacity, though near-term sentiment remains neutral pending clearer autonomy monetization visibility despite a differentiated product and ecosystem strategy, the firm highlighted in a research note.DELIVERIES:Nioannounced its April delivery results. The company delivered 29,356 vehicles in April, representing an increase of 22.8% year-over-year. The deliveries consisted of 19,024 vehicles from the company's premium smart electric vehicle brand Nio, 5,352 vehicles from the company's family-oriented smart electric vehicle brand Onvo, and 4,980 vehicles from the company's small smart electric car brand Firefly. Cumulative deliveries reached 1,110,413 as of April 30.Meanwhile, XPengsaid it delivered a total of 31,011 vehicles in April, representing a 13% increase from the prior month.Li Autoalso announced that it delivered 34,085 vehicles in April. As of April 30, Li Auto's cumulative deliveries reached 1,669,442. In April, the all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with its official launch scheduled for May 15. As of April 30, the company had 511 retail stores in 160 cities, 550 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The company also had 4,077 super charging stations in operation equipped with 22,509 charging stalls in China.
