Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations.
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DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive
and Lucid Group
as the companies try to sell investors on a brighter, more profitable future to come.
But things could get worse before they get better as both automakers are set to report third-quarter results this week, starting with Rivian after the bell Tuesday, followed by Lucid on Wednesday.
For 2026, Lucid announced a vehicle production target of between 25,000 and 27,000 units, which would be a roughly 40% to 51%…
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
Rivian and other EV manufacturers are facing a more challenging market than they did in recent years amid changing regulations…
The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting…
Rivian Automotive beat Wall Street's expectations for the third quarter, as the company reported its second quarterly gross…
Rivian's 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67,000 units, which would be up by 47% to 59%…
