Rivian Automotive reported second-quarter 2026 deliveries of 12,640 vehicles on July 2, 2026, falling short of analyst expectations of around 13,500. The miss led to a 7% decline in Rivian's stock price, echoing similar investor reactions to Lucid Group's delivery shortfalls earlier this year.
The company attributed the lower numbers to supply chain disruptions and production line adjustments at its Normal, Illinois plant. Rivian maintained its full-year production guidance of 57,000 vehicles, but analysts expressed skepticism given the Q2 performance.
Rivian's situation mirrors Lucid's struggles in early 2026, when the luxury EV maker missed delivery targets and saw its stock punished by investors. However, Rivian has a stronger cash position and a partnership with Volkswagen, which announced a $5 billion joint venture in June 2026 to develop next-generation EV software and platforms.
Despite the delivery miss, Rivian's R2 SUV, launched in March 2026, has received over 100,000 pre-orders, providing a potential catalyst for future growth. The company expects to ramp up R2 production in late 2026.
