Rivian reduced its 2026 spending plans and slightly tightened its loss guidance for the year. Adjusted losses are now estimated between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion, while capital expenditures range from $1.7 billion to $1.8 billion, versus $1.95 billion to $2.05 billion previously. The company confirmed its delivery target of 65,000 to 70,000 vehicles and posted a net loss of $837 million in the second quarter, a $278 million improvement compared to the same quarter in 2025. Rivian also ramped up production of its R2 SUV at its plant in Normal, Illinois, with an annual capacity of 160,000 vehicles.
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