Core Insights - Rivian delivered 13,221 vehicles in Q3, with production at 10,720 units, but the stock is down by approximately 2.8% due to revised delivery guidance [1][2]. Delivery Guidance - Rivian has adjusted its full-year delivery guidance to between 41,500 and 43,500 vehicles, tightening the upper end from the previous range of 40,000 to 46,000 [2][3]. Production and Future Sales - The company's ability to maintain current sales levels is under scrutiny as it prepares for the next generation R2 model, expected to launch around mid-next year, contingent on production ramp-up at its Illinois plant [3][4]. Capital Preservation - The absence of EV tax incentives during this transitional period raises questions about Rivian's capital preservation strategies as it moves forward [4].