NEW YORK, July 5, 2026, 11:03 (EDT)
- Rivian ended the most recent U.S. equity session at $18.63, gaining 8.44%. Nasdaq did not open July 3 for Independence Day observed.
- Rivian’s Q2 deliveries topped its 9,000-11,000 forecast. The company also raised its 2026 delivery target to 65,000-70,000 vehicles.
- The updated range means the company has 42,441-47,441 deliveries to hit in the second half, based on its figures.
Rivian Automotive Inc NASDAQ:RIVN heads into Monday trading up after the stock gained $1.45 on July 2. With 1.26 billion shares outstanding, that added around $1.8 billion in market cap after the company lifted its 2026 delivery midpoint by 3,000 vehicles. That works out to about $609,000 in added value per vehicle in the updated forecast—a rough figure, but one that puts a number on whether R2 volume targets might turn into profit.
U.S. stock markets were closed Friday for the Independence Day holiday. Regular Nasdaq trading hours are 9:30 a.m. to 4 p.m. Eastern on weekdays.
Rivian traded up after its delivery report, beating out weaker EV names while the Nasdaq Composite slipped.
| Security or index | Last close / level | Last-session move | Read-through |
|---|---|---|---|
| Rivian Automotive Inc NASDAQ:RIVN | $18.63 | +8.44% | Traded 78.27 million shares, 2.6x its 65-day average |
| Tesla Inc NASDAQ:TSLA | $393.45 | -7.5% | Stock slid even as deliveries beat |
| Lucid Group Inc NASDAQ:LCID | $6.08 | -8.3% | EV stocks kept feeling pressure |
| Nasdaq Composite | 25,832.67 | -0.8% | Semis weighed on the benchmark |
| S&P 500 | 7,483.24 | flat | Overall market was mostly steady |
Market data for Rivian is available on .
Rivian said in a filing it built 12,613 vehicles and delivered 12,194 during the second quarter. The company’s deliveries beat its own outlook of 9,000-11,000, which it said was due to quarter-over-quarter growth in its EDV and R1 vehicles, plus the beginning of R2 shipments.
The second-half goal remains tough. Rivian handed over 10,365 vehicles in Q1 and 12,194 in Q2, for a total of 22,559 in the first six months. The new guidance means Rivian needs to move 42,441 vehicles in the second half to reach the low end, and 47,441 for the high end.
| Rivian delivery and valuation math | Figure | Investor read |
|---|---|---|
| Q1 2026 deliveries | 10,365 | Pre-R2 public deliveries |
| Q2 2026 deliveries | 12,194 | Came in better than Rivian projected |
| First-half deliveries | 22,559 | 33.4% of the revised midpoint |
| Prior 2026 guide midpoint | 64,500 | Old range was 62,000-67,000 |
| New 2026 guide midpoint | 67,500 | New range now stands at 65,000-70,000 |
| Midpoint guide increase | 3,000 | Both ends moved up by the same amount |
| H2 deliveries needed at midpoint | 44,941 | Nearly double the H1 figure |
| H2 average needed per quarter | 22,471 | Needs to be 84% higher than Q2 output |
| July 2 market value added | ~$1.83 billion | $1.45 per share gain on 1.26 billion shares |
| Market value per added guided vehicle | ~$609,000 | Market’s rough take on new guidance |
That’s why traders are watching the price move. Shares gained 19.2% in the holiday-shortened week, climbing from $15.63 at the June 26 close to $18.63 on July 2. The jump increases the stakes for the next production update, since the delivery targets now price in a steeper ramp for the back half.
Barron’s said Cantor’s Andres Sheppard kept his Hold on the stock and left the target at $19. In his note, Sheppard said R2 might “materially boost sales” thanks to its price and features around autonomy. Barron’s
Rivian continues to report negative earnings. According to Barron’s, trailing EPS is negative $2.92, so there’s no real trailing P/E. Market cap sits at roughly $23.48 billion. Investors are betting on growth before Rivian proves out the margin story for R2.
Rivian’s week opens with a test of whether the stock can keep its July 2 gap following a three-day U.S. market break. The next scheduled event for the company is July 30, when Rivian will report Q2 results after the bell and host a webcast at 5 p.m. ET.
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