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The latest data point for RIVN's EV/Sales ratio in Q1'26 stands at 15.19, reflecting a modest increase from the previous quarter's 14.61 and indicating a renewed valuation premium relative to sales amid potential growth expectations. Over the period from Q2'23 to Q1'26, the EV/Sales ratio exhibits significant volatility, starting at a high of 15.70 in Q2'23 before declining sharply to a low of 5.87 in Q4'23, then recovering to peaks around 13-15 in recent quarters like Q2'24 and Q4'25. This pattern suggests initial market skepticism on sales scalability followed by periodic rebounds, with an overall upward trend in the latter half (from Q1'24 onward averaging ~11.5), highlighting RIVN's fluctuating investor confidence in its EV market position despite inconsistent quarterly performance.