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“June 9 is the day,” declared the company in a press release. While this near-term catalyst is very tangible, other reasons that have generated investor excitement are a bit more distant.
These include the company’s efforts to become a leading player in the autonomous driving sector. Rivian’s R&D budget for the last quarter was $458 million, up from $381 million in Q1 2025, partially reflecting these ambitions.
Still, despite the recent uptick, RIVN’s share price remains firmly in the red for the year. The company’s cash burn remains an issue, as its total operating expenses of $1 billion in Q1 2026 were up from $861 million in Q1 2025.
While acknowledging some near-term issues, top investor Prosper Junior Bakiny thinks that RIVN could spread its wings. Especially if its autonomous dreams come to fruition.
