Tesla and Rivian deliveries crush expectations while weak jobs kill rate-hike fears — double down on EVs
Tesla and Rivian both reported surprisingly strong electric vehicle deliveries today. At the same time, a very weak jobs report means the Federal Reserve is unlikely to raise interest rates further, which makes car loans cheaper and boosts consumer spending power.
Idea
Tesla just delivered a surprising 480,126 vehicles, beating expectations, while Rivian also beat and raised its full-year outlook. Combining this with a dramatically weak June jobs report — only 57,000 jobs added versus 115,000 expected — suggests the Fed is now much less likely to raise interest rates. Lower-for-longer rates are a direct tailwind for auto demand because they keep financing costs down for consumers. Together, better-than-feared deliveries and a dovish Fed surprise create a positive fundamental and macro setup for EV stocks in the near term.
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News sources
- Bonds Rally as Weak Jobs Report Dims Fed Rate-Hike Expectations — Bloomberg
- Rivian Q2 2026 deliveries beat guidance, full-year outlook raised — Yahoo Finance
- Tesla Q2 2026 deliveries beat estimates at 480,126 vehicles — Yahoo Finance
- U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% — CNBC