Rivian Automotive (RIVN) Could Be 31% Undervalued On Reaffirmed 2026 Guidance

Rivian Automotive (RIVN) just reported third quarter operating results, producing 19,751 vehicles in Normal, Illinois and delivering 19,248, while also reaffirming full year 2026 delivery guidance of 65,000 to 70,000 units. Rivian Automotive’s recent operating update lands after a weak stretch for the stock, with the 30 day share price return down 16.6% and the year to date share price return down 31.1%. However, the 1 year total shareholder return is slightly positive at 1.9%, which points...