Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarte…


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Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter

Electric vehicle makers Rivian Automotive and Lucid Group reported second-quarter delivery results Thursday with mixed results.

Rivian raised its 2026 delivery guidance range after seeing stronger-than-expected demand for its electric vehicles during the second quarter, while Lucid missed Wall Street expectations and its new CEO Silvio Napoli announced a shakeup of the company's leadership team.

Rivian said it now expects to deliver between 65,000 and 70,000 vehicles this year, up from a prior forecast of between 62,000 and 67,000 units.

Rivian also said Thursday it produced 12,613 vehicles and delivered 12,194 units during the second quarter. The second quarter deliveries are higher than FactSet's analyst consensus of 11,0000 units and the company's previous outlook, which called for delivering between 9,000 and 11,000 EVs.

Is Rivian Stock Primed To Deliver Gains After The Launch of The R2?

Rivian (NASDAQ: RIVN) officially launched its R2 SUV in the U.S. on June 9. Could this newest car lift Rivian's stock, which trades nearly 80% below its IPO price of $78?

When Rivian went public in 2021, it only sold three electric vehicles: the R1T pickup, R1S SUV, and custom electric delivery vans for Amazon (and later other companies).

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