This article was written by Doug Nathman, with research by his team at Trefis.
Rivian Automotive Inc (NASDAQ:RIVN) shares rose about 8% following the company's second-quarter production and delivery update and an upward revision to its full-year outlook. The electric vehicle maker said it produced 12,613 vehicles at its Normal, Illinois manufacturing facility during the quarter ended June 30, 2026, while deliveries totaled 12,194 vehicles.
Rivian Automotive (RIVN) shares are ripping higher on Thursday morning following a bullish Q2 deliveries update that shattered both internal and Wall Street expectations. Investors are cheering the EV stock after management revealed it produced 12,513 vehicles in total and delivered 12,194 in the fiscal second quarter.
Rivian reports second-quarter deliveries of 12,194 vehicles. Wall Street was looking for about 11,000 vehicles.
Rivian raised its delivery outlook for the year to a range of 65,000 to 70,000 EVs. The electric vehicle maker said it produced 12,613 vehicles and delivered 12,194 units during the second quarter.
Rivian is telling investors that it might see better sales year than it expected, despite the many headwinds working against electric vehicles in the U.S. right now.
The JD Power 2026 U.S. Initial Quality Study was just released.
Rivian stock trades at a deep discount to Tesla. Rivian's AI efforts should excite growth investors.
In the closing of the recent trading day, Rivian Automotive (RIVN) stood at $15.11, denoting a -8.57% move from the preceding trading day.
Rivian stands out as a differentiated EV play amid a top-heavy S&P 500 and AI-driven market. RIVN's recent launch of the midsize R2 platform marks a pivotal 'Model 3' moment, targeting mass-market adoption with a ~50% reduction in BOM costs. The company's latest quarterly results showcase an ever-increasing pile of software revenue, which will further RIVN's push toward gross margin profitability.
Rivian's all-important R2 electric SUV launched on June 9. BI spoke with early-adopting customers to get a clear picture of the car's expected rollout.
Rivian has been sued over allegations that the EV maker made false claims about the autonomous driving capabilities of its R1T truck and R1S SUV models.