Electric vehicle (EV) manufacturers are facing a mixed bag of results as Rivian Automotive Inc. and Lucid Group Inc. released their quarterly earnings reports. Rivian has raised its delivery outlook for 2026, indicating a growing demand for its R1 and R1S models. Despite facing production challenges and supply chain issues, the company now expects to deliver between 85,000 and 95,000 vehicles this year, up from its previous forecast of 65,000 to 75,000. In contrast, Lucid Group Inc. fell short of Wall Street expectations, with its second-quarter deliveries coming in at 1,550 vehicles, significantly lower than the projected 2,000 units.
Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter CNBC
