Rivian CEO says 2027 will be an inflection year as EV maker marks five years since IPO
cnbc.com reported Nov 10 that Rivian CEO RJ Scaringe said 2027 will be an “inflection year” as the EV maker scales the R2 SUV and invests in autonomy while marking five years since its IPO.
What happened
Cnbc.com reported Nov 10, 15:11 UTC that Rivian CEO RJ Scaringe said 2027 will be an “inflection year.”
The report said the EV maker will scale the R2 and invest in autonomy.
The article noted Rivian is marking five years since its IPO.
Stocks market context
As of Nov 10, 17:00 UTC the SPY ETF fell 0.89% from the prior close to $745.97 and the QQQ ETF fell 1.45% from the prior close to $669.50. As of Nov 10, 17:01 UTC NVIDIA fell 6.49% from the prior close to $167.08, Apple fell 0.68% from the prior close to $348.29, Microsoft fell 0.37% from the prior close to $543.17, Amazon rose 0.77% from the prior close to $268.98, Alphabet fell 0.34% from the prior close to $287.17, Meta Platforms fell 0.10% from the prior close to $640.71, Tesla fell 0.64% from the prior close to $375.64 and JPMorgan Chase fell 0.10% from the prior close to $341.73.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $745.97 | -0.89% | vs prior close | Nov 10, 17:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $669.50 | -1.45% | vs prior close | Nov 10, 17:00 UTC | Finnhub |
| NVIDIA | $167.08 | -6.49% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Apple | $348.29 | -0.68% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Microsoft | $543.17 | -0.37% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Amazon | $268.98 | +0.77% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Alphabet | $287.17 | -0.34% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Meta Platforms | $640.71 | -0.10% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| Tesla | $375.64 | -0.64% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
| JPMorgan Chase | $341.73 | -0.10% | vs prior close | Nov 10, 17:01 UTC | Finnhub |
Related coverage
Yahoo reported that Tesla’s October sales to retail customers in China were the worst since 2022. Yahoo also ran headlines saying Tesla Cybertruck production will end in mid-2027 and publishing a piece titled "Elon Musk's Cybertruck pivot highlights the founder-CEO advantage."
- Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’ as EV maker marks five years since IPO — cnbc.com, Nov 10, 15:11 UTC
- Tesla’s China Sales Hit Lowest Since 2022. What It Means for Year-End Targets. — Yahoo, Nov 10, 13:12 UTC
- Tesla Cybertruck production will end in mid-2027 — Yahoo, Nov 9, 17:16 UTC
- Elon Musk's Cybertruck pivot highlights the founder-CEO advantage — Yahoo, Nov 9, 19:41 UTC
- Broadcom Just Had Its Best Day in Nearly a Year, Back Above $1.5 Trillion — Yahoo, Nov 10, 13:53 UTC
What to watch
NIO Q3 2026 earnings are scheduled Wed Nov 11 (time not confirmed).
- Tue Nov 10 (after the close) — CRWV Q3 2026 earnings · EPS estimate -1.18
- Wed Nov 11 (time not confirmed) — NIO Q3 2026 earnings · EPS estimate -0.09
- Thu Nov 12 (time not confirmed) — NU Q3 2026 earnings · EPS estimate 0.23
- Thu Nov 12 (before the open) — M Q3 2026 earnings · EPS estimate -0.18
- Thu Nov 12 (after the close) — CSCO Q1 2027 earnings · EPS estimate 1.35
- Thu Nov 12 (after the close) — AMAT Q4 2026 earnings · EPS estimate 4.13
Sources and data
- cnbc.com (secondary source) — Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’ as EV maker marks five years since IPO
- Yahoo (secondary source) — Tesla’s China Sales Hit Lowest Since 2022. What It Means for Year-End Targets.
- Finnhub (market data) — market data
Market data as of Nov 10, 17:01 UTC; report generated Nov 10, 17:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Initial public offering (IPO)
The first sale of a company's shares to the public, after which they trade on an exchange.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- cnbc.com (secondary, retrieved Nov 10, 2026, 05:12 PM UTC)
- Yahoo (secondary, retrieved Nov 10, 2026, 05:12 PM UTC)
- Finnhub (market-data, retrieved Nov 10, 2026, 05:12 PM UTC)
Market data as of Nov 10, 2026, 05:01 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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