Stock Market Today, Oct. 2: Rivian Beats Q3 Delivery Estimates on Record Production Pace
Rivian's record Q3 delivery beat lifted shares early before investors refocused on unchanged guidance and the Oct. 29 earnings call, today, Oct. 2, 2026.
On October 2, 2021, Rivian Automotive, the electric vehicle manufacturer, saw its stock close at $14.30, down 3.12%, following a positive delivery update for its third quarter. The stock initially spiked at the opening bell, but later investors focused on the unchanged full-year outlook and awaited the company's October 29 financial results. The trading volume reached an impressive 59.1 million shares, which was about 107% above its three-month average of 28.6 million shares.
Rivian Automotive, which went public in 2021, has seen its stock fall by 86% since its IPO. The S&P 500 closed at 7,723, up 0.74%, while the Nasdaq Composite finished at 27,191, up 1.19%. Among electric vehicle manufacturers, Tesla saw a rise of 4.65% to $370.59, while Lucid Group declined by 1.43% to $4.13, indicating a mixed performance for EV stocks.
For Rivian Automotive, Friday's delivery update reported 19,248 vehicles delivered and 19,751 produced, which were strong numbers but in line with the company's expectations. The positive news led to a reaffirmation of Rivian's 2026 delivery outlook, leaving investors disappointed as the stock gave back all its early gains and more.
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