This drop in competition has played a role in Rivian's stock jumping nearly 10%, with it up 4.5% as of midday trading. Strategic moves and future plans Rivian's recent announcement of expected deliveries of 50,500 to 52,000 EVs this year, as well as plans for next-generation R2 platform production starting next year, have generated positive momentum. Additionally, Rivian has received a significant investment of $5.8 billion from Volkswagen Group, with the possibility of further financing through a U.S. Department of Energy loan, strengthening its financial foundation. With less competition in the electric truck market and a strong balance sheet, Rivian is positioning itself for a promising future. As traditional automakers like Ford reduce electric vehicle production, Rivian is poised to gain increased market share and continue its growth trajectory through 2025.