Rivian posted record third-quarter deliveries of 19,248 vehicles, up 46% year-over-year and above Wall Street's estimate of 18,001. The company reaffirmed its full-year 2026 delivery guidance of 65,000 to 70,000 vehicles. The R2 SUV, launched in June, is the main growth driver, and the Normal, Illinois plant produced 19,751 vehicles in the quarter.
Tesla delivered 486,532 vehicles in Q3 2026, beating the company-compiled consensus of 461,974 by 5.3%, though the figure was down 2.1% from the record 497,099 deliveries in Q3 2025. Production came in at 464,391 vehicles, meaning 22,141 units were drawn from inventory. Model 3 and Model Y deliveries totaled 478,237, while other models, including the Cybertruck, reached 8,295. Energy storage deployments of 13.7 GWh missed the 15.9 GWh consensus estimate.
Tesla shares rose about 4.8% to $371.02, while Rivian shares added about 1%. Analyst targets on Tesla remain divided, with BNP Paribas Exane at a bearish $268 and RBC Capital at a bullish $480. NHTSA's audit query AQ26002 covering about 1,000 Cybercabs remains open.
No specific cryptocurrency is directly affected by these traditional EV delivery reports, so the news is considered neutral for crypto markets.
