Rivian Lifts 2026 Delivery Outlook to 70,000 as Lucid Misses Q2 Expectations
Updated
Updated · CNBC · Jul 2
Rivian Lifts 2026 Delivery Outlook to 70,000 as Lucid Misses Q2 Expectations
3 articles · Updated · CNBC · Jul 2
Summary
Rivian raised its 2026 delivery forecast to 65,000-70,000 vehicles after second-quarter deliveries reached 12,194, beating both its 9,000-11,000 outlook and FactSet's 11,000 consensus.
12,613 vehicles were produced at Rivian's Normal, Illinois, plant, with stronger demand for its delivery vans and R1 models and the first R2 SUV deliveries helping drive the upgrade.
Lucid delivered 3,953 vehicles and produced 4,774 in the quarter, missing Wall Street expectations for 5,000 deliveries.
Silvio Napoli, who took over in June, paired the weak delivery report with a leadership overhaul that halves direct reports to the CEO; CFO Taoufiq Boussaid will exit after handing over to successor Alexander De Bock.
Across the EV sector, Tesla reported 480,126 second-quarter deliveries, topping expectations and underscoring the uneven performance among electric-vehicle makers.