Charged: Rivian reports, reaffirms guidance

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From the hotly-debated high-flier Tesla (TSLA), Wall Street’s newest darling Rivian (RIVN), traditional-stalwarts turned EV-upstarts GM (GM) and Ford (F) to the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with “Charged,” a weekly recap of the top stories and expert calls in the sector.

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RESULTS: On April 30, Rivian reported Q1 losses per share of (33c) and revenue $1.381B, with consensus at (60c) and $1.37B, respectively. RJ Scaringe, Rivian Founder and CEO, said, “With the launch of R2, we are excited to dramatically expand our market opportunity and have more people driving Rivians. The support of the Department of Energy for the $4.5 billion loan to build our Georgia facility enables Rivian to grow American jobs and establish stronger U.S. technology and manufacturing leadership while further scaling our customer base.”

The company sees FY26 adjusted EBITDA in the range of ($2.1B)-($1.8B) and FY26 vehicles delivered between 62,000 – 67,000, it noted.

Cantor Fitzgerald raised the firm’s price target on Rivian to $19 from $18 and kept a Neutral rating on the shares following quarterly results. Rivian reaffirmed its FY26 delivery and financial guidance while highlighting R2 production ramp as the key near-term catalyst, supported by improving liquidity, strategic partnerships with Uber (UBER) and Volkswagen (VWAGY), and expanded manufacturing capacity, though near-term sentiment remains neutral pending clearer autonomy monetization visibility despite a differentiated product and ecosystem strategy, the firm highlighted in a research note.

DELIVERIES: Nio (NIO) announced its April delivery results. The company delivered 29,356 vehicles in April, representing an increase of 22.8% year-over-year. The deliveries consisted of 19,024 vehicles from the company’s premium smart electric vehicle brand Nio, 5,352 vehicles from the company’s family-oriented smart electric vehicle brand Onvo, and 4,980 vehicles from the company’s small smart electric car brand Firefly. Cumulative deliveries reached 1,110,413 as of April 30.

Meanwhile, XPeng (XPEV) said it delivered a total of 31,011 vehicles in April, representing a 13% increase from the prior month.

Li Auto (LI) also announced that it delivered 34,085 vehicles in April. As of April 30, Li Auto’s cumulative deliveries reached 1,669,442. In April, the all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with its official launch scheduled for May 15. As of April 30, the company had 511 retail stores in 160 cities, 550 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The company also had 4,077 super charging stations in operation equipped with 22,509 charging stalls in China.