Stock Market Today, July 2: Rivian Jumps on Raised 2026 Delivery Guidance
The EV maker beat Q2 delivery targets and lifted its full-year outlook, signaling strong demand momentum, today, July 2, 2026.
Overview
Shares of Rivian Automotive (NASDAQ:RIVN), a maker of electric pickup trucks, SUVs, and delivery vans, jumped to $18.63, up 8.44%. The stock rose after second-quarter deliveries beat its target and management lifted full-year guidance. Investors will be watching R2 SUV deliveries and 2026 delivery momentum next.
Trading volume reached 77.1 million shares, coming in about 155% above its three-month average of 30.2 million shares. Rivian Automotive IPO'd in 2021 and has fallen 82% since going public.
The S&P 500 (SNPINDEX:^GSPC) was unchanged at 7,483, while the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 0.80% to 25,833. Among automotive manufacturing peers focused on electric vehicles and commercial delivery vans, Tesla (NASDAQ:TSLA) closed at $393.45, down 7.49%, and Lucid Group (NASDAQ:LCID) closed at $6.08, down 8.30%.
Details
Rivian Automotive raised its 2026 delivery guidance to 65,000 to 70,000 vehicles after reporting 12,194 deliveries in the second quarter. The EV maker had previously told investors it expected to deliver between 62,000 and 67,000 units this year. The company also announced that it will release its second-quarter 2026 financial results on July 30.
Source
Originally published at www.fool.com.