Rivian Raises 2026 Delivery Outlook, Stock Jumps
Rivian Automotive Inc. (NASDAQ: RIVN ) stock jumped more than 10% on Thursday after the electric vehicle maker raised its full-year 2026 delivery guidance following stronger-than-expected second-quarter production and delivery results. Rivian Raises Full-Year Delivery Outlook Rivian increased its 2026 delivery forecast to 65,000 to 70,000 vehicles, up from its previous guidance of 62,000 to 67,000 vehicles. During the second quarter, Rivian produced 12,613 vehicles at its manufacturing plant in Normal, Illinois. Deliveries totaled 12,194 vehicles, exceeding the company’s guidance of 9,000 to 11,000 vehicles. In its announcement, Rivian said, “Delivery results topped Rivian’s outlook of 9,000 to 11,000 vehicles for the quarter due to robust growth quarter-over-quarter in EDV and R1 coupled with the introduction of R2 deliveries.” The company added, “As a r...
Rivian Automotive Inc. (NASDAQ: RIVN ) stock jumped more than 10% on Thursday after the electric vehicle maker raised its full-year 2026 delivery guidance following stronger-than-expected second-quarter production and delivery results. Rivian Raises Full-Year Delivery Outlook Rivian increased its 2026 delivery forecast to 65,000 to 70,000 vehicles, up from its previous guidance of 62,000 to 67,000 vehicles. During the second quarter, Rivian produced 12,613 vehicles at its manufacturing plant in Normal, Illinois.
Deliveries totaled 12,194 vehicles, exceeding the company’s guidance of 9,000 to 11,000 vehicles. ” Rivian also said it will report second-quarter 2026 financial results after the market closes on July 30. EV Peers Report Mixed Delivery Trends Rivian’s update follows a series of second-quarter delivery reports from other electric vehicle makers. NIO Inc.
4% from a year earlier. XPeng Inc. (NYSE: XPEV ) delivered 40,126 vehicles in June, up 16% year over year. Total second-quarter deliveries reached 103,295 vehicles.
Li Auto Inc. 4% from May. Tesla Inc. (NASDAQ: TSLA ) reported second-quarter vehicle deliveries of 480,126 on Thursday, a 25% increase from about 384,122 vehicles delivered a year earlier.
03 at the time of publication on Thursday, according to Pro data. Photo via Shutterstock