Rivian Automotive is trading at +4.59% at $17.39 after reporting second-quarter deliveries that exceeded its forecast and raising its long-term production outlook.
- The company reported 12,194 deliveries, surpassing its guidance of 9,000 to 11,000 vehicles, and raised its 2026 delivery guidance to a range of 65,000 to 70,000 units.
- Management projected Q2 revenue between $1.55 billion and $1.65 billion, driven by stronger delivery volumes and operational performance.
- While a recent $1.5 billion share offering remains a limiting factor for some investors, today's strength is fueled by the significant delivery beat and improved financial outlook.