Episode Details

Rivian just shattered expectations with a major delivery forecast bump, now targeting 65,000 to 70,000 vehicles for the year—up from 62,000 to 67,000—thanks to a stellar Q2 that delivered over 12,000 units. The momentum comes from strong demand for their electric vans, steady R1 truck/SUV sales, and the official launch of the new R2 SUV, priced at $57,990 to attract a broader customer base. Rivian’s strategy includes even more affordable models rolling out in 2026 and 2027, requiring 45,000 more deliveries in the second half of the year. The news sent Rivian’s stock soaring over 6% before markets opened. Meanwhile, Lucid underperformed with just under 4,000 deliveries in Q2—below estimates—and announced major leadership changes, including a new CEO and an outgoing CFO.

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