The R2 SUV is already Rivian’s best-selling vehicle

Rivian's R2 SUV was its best-selling vehicle in the third quarter, with the company raising its delivery guidance for the year to 67,000 vehicles, up from a previous estimate of 65,000 to 70,000. The R2 was launched in June and has seen significant sales, with the company building 19,751 vehicles and delivering 19,248 in the third quarter, a 45% increase from the same period last year. The company had previously struggled to ship more than 50,000 vehicles annually, and the success of the R2 is seen as a sign that Rivian is finding new customers despite the loss of the $7,500 federal EV tax credit and changes to U.S. regulations that supported the growth of EVs.