Stock Market Today, July 31: Rivian Beats Q2 Revenue Estimate as Concerns of Rising Costs Weigh on Stock

Rivian Automotive beat Q2 revenue expectations with $1.66 billion in sales versus the estimated $1.51 billion, but the stock fell 9.57% as investors remain concerned about rising component costs and profitability challenges. The company increased its 2026 delivery guidance and began R2 SUV production, yet market sentiment remains cautious about demand and the path to profitability.