Stock Market Today, July 2: Rivian Jumps on Raised 2026 Delivery Guidance

Rivian Automotive stock surged 8.44% to $18.63 after beating Q2 delivery targets with 12,194 units delivered and raising its full-year 2026 guidance to 65,000-70,000 vehicles from the previous 62,000-67,000 range. The increase was driven by stronger-than-expected demand and the launch of the R2 SUV. Investors are now focused on R2 delivery momentum and 2026 production capacity.