Rivian Automotive (RIVN) shares opened in the red on Friday even after the electric vehicle (EV) specialist reported strong Q2 results and raised its full-year 2026 delivery guidance. The company now expects to deliver between 65,000 and 70,000 vehicles in total, which would represent a more than 30% year-over-year increase.
Including today’s decline, Rivian stock is down about 23% versus its recent high.