Rivian burns $833 million per quarter selling just 65,000 vehicles a year, yet its $23 billion market cap edges out global automaker Stellantis. Stellantis sells 5.4 million vehicles annually but sits at a $20 billion market cap, while Tesla commands $1.1 trillion on EV future optimism. EVs represent only 5% of new US car sales, making the investor optimism inflating Rivian above Stellantis increasingly hard to justify.
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Global car giant Stellantis (NYSE: STLA) has a $20 billion market cap. The EV revolution has ended in the US. Stellantis has troubled brands, but not that troubled.
Rivian expects to sell 65,000 to 70,000 vehicles this year. Some of that will come from its new R2, which will have a price point under $50,000. Currently, Rivian models can cost as much as $100,000.
Stellantis sold about 5.4 million last year. That is expected to drop slightly in 2026. Stellantis had about $50 billion in revenue in the second quarter.
On that, it made a very small $335 million. It was very, very modest proof that a turnaround plan has begun. Revenue was spread across Jeep, Chrysler, RAM, Fiat, Opel, Peugeot, and several niche brands.
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