Rivian (RIVN) Raises 2026 Delivery Outlook to 65,000-70,000 Units

Rivian (RIVN) announced it delivered 12,194 vehicles in Q2, exceeding its forecast of 9,000 to 11,000. The company raised its full-year delivery target to 65,000 to 70,000, an increase from 62,000 to 67,000. Following the update, Rivian's stock rose over 8%. In contrast, Tesla (TSLA) saw a decline of approximately 7.5% on the same day. Rivian's Q1 revenue reached $1.38 billion, indicating an 11% year-over-year increase, despite the automotive segment posting a $62 million loss.