Rivian Raises 2026 Delivery Forecast, Stock Jumps 10%
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- Rivian raised its full-year 2026 delivery outlook to 65,000–70,000 vehicles, up from its prior range of 62,000–67,000, per an 8-K filing with the SEC.
- Rivian produced 12,613 vehicles and delivered 12,194 in Q2, easily exceeding the company's internal forecast of 9,000–11,000 deliveries.
- Rivian shares jumped as much as 10% on July 2, trading 8% higher at $18.55 per share, per MarketBeat data cited in the article.
- BNP Paribas lowered its Rivian price target from $23 to $22, but it still sits well above the $18.57 average Wall Street target.
- BNP Paribas says Rivian's 2026 will be defined by the company's ability to ship FSD-like "point-to-point" hands-free driving by year end.
- Rivian's expanded $1.25 billion Robotaxi partnership with Uber was cited by BNPP as a factor pushing its earnings expectations $4 per share higher.
- CEO RJ Scaringe told Reuters Rivian may produce its own lidar sensors, possibly through a joint venture with a Chinese firm, because "all the real choices are coming out of China."
Why it matters: Rivian beat its own internal Q2 target by over 1,000 vehicles and is raising full-year guidance, a concrete sign the startup's production is stabilizing. But BNPP frames the remainder of 2026 as hinging on Rivian shipping Tesla FSD-level autonomy by December — while simultaneously exploring in-house lidar via a Chinese joint venture, an angle the headline-driven coverage largely skips.
