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Rivian raises 2026 delivery outlook after strong Q2 demand
CNBC • • business
Key Points:
- Rivian raised its 2026 delivery guidance to 65,000-70,000 vehicles for the year, up from a previous forecast of 62,000-67,000, driven by stronger-than-expected demand in Q2.
- Rivian produced 12,613 vehicles and delivered 12,194 units in Q2, surpassing analyst expectations and its earlier outlook, with growth fueled by its electric delivery van, R1 products, and the new R2 SUV.
- Lucid reported Q2 production of 4,774 vehicles and deliveries of 3,953, missing Wall Street's expected 5,000 units, and announced a leadership restructuring under new CEO Silvio Napoli aimed at simplifying the company and improving accountability.
- Lucid's CFO Taoufiq Boussaid will depart after transitioning to his successor Alexander De Bock, as part of the company's efforts to align leadership with priorities focused on customers, quality, and innovation.
- Rivian's stock rose approximately 5% in premarket trading following the positive delivery results and raised guidance.
