Irvine-based Ri surged 38% to $2.2 billion in third quarter sales, receiving a boost from the EV maker’s new R2 vehicle that launched in June
“We had great results with R2 becoming our best selling vehicle by volume in the third quarter,” Founder and Chief Executive RJ Scaringe said in a statement.
The automaker reported record deliveries of 19,248 vehicles during the quarter, a 46% increase from the same period in 2025, “with R2 delivering much of the gain quarter-over-quarter.”
Riange of 67,000 to 70,000 units, up from its previous expectation of 65,000 to 70,000
Shares rose 4.5% to $11.96 apiece during after-hours trading with a market cap of nearly $17 billion.
