According to CNBC, Rivian CEO and founder RJ Scaringe said the R2 SUV and investments in autonomy position 2027 as an inflection year for the automaker. He said the R2, with an entry-level model priced at about $45,000, is central to Rivian’s growth and path to profitability. Rivian delivered a record 19,248 vehicles in the third quarter of 2026, up 46% year over year, and said the R2 was already its best-selling model by volume. The company is preparing to roll out point-to-point driving capabilities, first to employees and then customers over the coming weeks and months, and plans autonomous vehicles with Uber by 2028. Rivian’s comments came as it marked five years since its IPO. Its shares have fallen more than 80% since debuting at $78 per share on Nov. 10, 2021.