Rivian Raises 2026 Delivery Outlook as Tesla Slips After Second-Quarter Results
2026-07-22 14:29:47
According to CNBC, Rivian Automotive shares rose 8% after the electric SUV maker lifted its 2026 delivery outlook to 65,000 to 70,000 electric vehicles from 62,000 to 67,000. Tesla shares fell 8% even after the company reported second-quarter deliveries of 480,126 vehicles, topping the StreetAccount consensus estimate of 406,600. Among other midday movers, Universal Health Services and HCA Healthcare gained after the U.S. Centers for Medicare & Medicaid Services proposed a 2.4% increase in the hospital outpatient payment rate for 2027, while Blue Owl Capital advanced more than 4% after a shareholder letter said redemption pressure in its private credit funds is easing.
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