Tesla and Rivian weren’t supposed to sell this many vehicles last quarter.
Tesla reported that it delivered about 466,000 cars from April to June in a sales update released Sunday, exceeding Wall Street analysts’ expectations of 447,000. Electric-truck maker Rivian delivered 12,640 vehicles during the same period, according to a Monday sales update, beating analysts’ expectations by more than 10 percent. The two companies saw their stock prices jump 6.9 percent and 17 percent respectively Monday.