Rivian Just Raised Its 2026 Outlook While Tesla Stock Stumbled. Is the Electric Vehicle Underdog Finally a Buy?
The electric vehicle maker just raised its full-year outlook -- and the hard part starts now.
Overview
Rivian (NASDAQ: RIVN) just gave investors an impressive update. On Thursday, the electric vehicle maker said it delivered 12,194 vehicles in the second quarter, comfortably above its own outlook of 9,000 to 11,000, and raised its full-year delivery target to 65,000 to 70,000 vehicles, up from 62,000 to 67,000.
The stock jumped more than 8% on the news. And the timing sharpened the contrast: Tesla fell about 7.5% the same day following its own delivery report.
Details
Rivian shares have now climbed about 60% from their 52-week low, though they still sit slightly below where they started the year. So, has the underdog finally earned a spot in more portfolios, or is the market right to stay skeptical?
Source
Originally published at www.fool.com.