Electric vehicle makers Rivian Automotive and Lucid Group reported second-quarter delivery results Thursday with mixed results.

Rivian raised its 2026 delivery guidance range after seeing stronger-than-expected demand for its electric vehicles during the second quarter, while Lucid missed Wall Street expectations and its new CEO Silvio Napoli announced a shake-up of the company’s leadership team.

Rivian said it now expects to deliver between 65,000 and 70,000 vehicles this year, up from a prior forecast of between 62,000 and 67,000 units.

Rivian stock rose roughly 6% in early trading Thursday.

Rivian also said Thursday it produced 12,613 vehicles and delivered 12,194 units during the second quarter. The second-quarter deliveries are higher than FactSet’s analyst consensus of 11,0000 units and the company’s previous outlook, which called for delivering between 9,000 and 11,000 EVs.

Rivian, which will report its second-quarter financial results July 30, said higher deliveries during the second quarter were driven by its electric delivery van and flagship R1 products.

The company also started delivering its midsize R2 SUV during the quarter. It’s ramping up production of that vehicle at its sole production plant in Normal, Illinois, which has capacity to produce 160,000 of the vehicles annually.

Lucid reported producing 4,774 vehicles and delivering 3,953 vehicles during the second quarter. The deliveries were below Wall Street’s expectations of 5,000 units, according to FactSet.

Along with the deliveries, the company announced a new leadership team under Napoli, who started overseeing the company in June. Lucid said the new format is meant to “simplify the company’s structure” and cuts the number of direct reports to the CEO in half.

Most notably, Lucid Chief Financial Officer Taoufiq Boussaid will leave the company after a handover to his successor, Alexander De Bock, who most recently served as CFO of automotive supplier TI Automotive.

“We are simplifying the organization, strengthening leadership, enforcing accountability and aligning our structure with the priorities that matter most: customers, quality, and innovation,” Napoli said in a release.

EV leader Tesla, meanwhile, reported 480,126 vehicle deliveries for second quarter, topping expectations. The company doesn’t break out exact delivery numbers by region or individual model, but it said its entry-level Model 3 sedan and most popular Model Y SUVs accounted for 467,762.

— CNBC’s Lora Kolodny contributed to this report.

As the United States turns 250 this weekend, and with gas prices pressuring travel, boutique outdoor hospitality brand AutoCamp has a pitch for American travelers.

The high-end camping company offers Airstream suites, polished cabins, fire pits, design-forward amenities and access to iconic outdoor destinations. It has nine U.S. locations, from Joshua Tree in California to Cape Cod, Massachusetts.

AutoCamp says its room revenue is up 20% over last year, and heading into the Fourth of July weekend, it’s 90% occupied across the portfolio, with average daily room rates up 15%.

Its chief commercial officer, Bryan Terzi, said part of the company’s appeal is a luxury camping experience just a quick drive from home — no buying or lugging tents, grills and other camping gear.

“It’s really kind of that cross-section of tapping into people’s nostalgia of what they remember from when they were young but also creating an environment to make memories with their families and children,” Terzi told CNBC.

Visitor interest in AutoCamp coincides with rising demand for visits to America’s parks.

Airbnb said it saw searches for stays “near a national park” up 35% in 2026, even before gas prices spiked. The company said nature and outdoor experiences are the top-booked experience category.

According to Hilton’s 2026 trends report, 37% of travelers said that spending time in nature is a top reason they travel.

Hilton has a partnership with AutoCamp as part of a broader strategy to invest in experiential offerings. Hilton said it’s seen a 30% rise in direct bookings with AutoCamp on its platform, with nearly half booked with Hilton Honors loyalty points.

Now, AutoCamp is ready to fuel its growth by selling more than a weekend in the woods. It’s offering guests a piece of the company, turning its most loyal customers into shareholders.

The U.S. Securities and Exchange Commission permits regulated crowdfunding of up to $5 million annually through an SEC-registered platform. Their investment materials include the typical warnings, that positions can be illiquid, speculative and difficult to value.

Wefunder puts it plainly: “Startups either win big or go bankrupt. You could lose all your money. Consider them more like socially-good lottery tickets.”

But these kind of investments in hospitality companies often come with special guest perks — the kind you might normally expect by being a premier member in a rewards program. For instance, this month, a $10,000 investment in AutoCamp comes with 2% bonus for additional shares on top of the 4% shares the investor receives, plus a $400 gift card to be used on the booking platform.

And hospitality brands get more than capital with this kind of fundraising.

“These customers that are staying with us, then they’re investing with us, and then it’s really exciting to see them tell 10 friends about, ‘Hey, I had a great experience, I loved it so much, I invested in the brand and their growth, and I want you to come check it out as well,’” Terzi said.

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Nearly 1 million people became millionaires in 2025, largely thanks to a thriving stock market, according to a new report by UBS.

The Swiss bank estimated that the United States is responsible for nearly half of these newly minted millionaires, adding an average of more than 1,200 new millionaires a day last year for an annual increase of about 441,000.

Stock market gains boosted global personal wealth by 10.8%, the biggest jump since 2017 and more than double the rate of 2024 and 2023, UBS found. However, this robust growth was belied by declines in median wealth in most of the 56 markets monitored by UBS, pointing to a growing wealth gap.

In the U.S., for example, median wealth per adult dropped nearly 20% from 2020 to 2025, while average wealth increased by about 10% over the same period of time, net of inflation, according to the bank’s data analysis.

UBS estimated that the world’s millionaire population, which the bank puts at 58 million, owns nearly half of the world’s wealth, or approximately $250.6 trillion.

UBS economist James Mazeau told CNBC that richer individuals reaped bigger gains compared with the broader population last year as they have more exposure to financial markets, noting that the U.S. stock market rose by approximately 18% in 2025.

“The higher you go in the wealth bands, the more wealth creation will tend to be linked to either the performance of your business or your investment portfolio — or both,” Mazeau said at a media conference.

These gains are also uneven among the ranks of millionaires. The bank estimated that the combined assets of so-called everyday millionaires, or individuals worth $1 million to $5 million, has jumped by 170%, net of inflation, since 2000. Over that same period, the collective fortune of richer peers soared by 343%.

As for the world’s billionaires, their collective net worth surged by nearly 25% in the year ended in April, according to UBS. However, the report noted that much of this rise was due to an increase in the number of billionaires, not just three-comma club members getting richer.

The depreciation of the U.S. dollar last year also contributed to discrepancies in global wealth creation as the bank tracks wealth in terms of USD. America’s millionaire population, while still the largest in the world, increased by a modest 1.9% in 2025, while most European and Middle Eastern markets saw higher percentage gains, including Turkey (6.4%) and the United Arab Emirates (3.5%). In terms of combined personal assets, the Americas’ growth rate was estimated at 8.5%, outranking the Asia-Pacific region at 5.9% but less than half of the 17.5% rate seen in Europe, the Middle East and Africa.

Mazeau said it is too early to predict how the Iran war will weigh on high-net-worth individuals in the Middle East. Asset allocation and currency trends are two of many factors that will determine the outcome.

“It will really depend on what share of international assets are held by these investors. If you are, let’s say, based in the Middle East, and most of your wealth is tied into U.S. stocks, and furthermore, you have a currency that’s pegged to the U.S. dollar, well, the currency moves really don’t matter at all,” he said. “Now, if you tend to diversify your holdings into other investments that tend to be in currencies that have appreciated versus the U.S. dollar, and if we measure things in U.S. dollars, then that will, for 2026 get a bit better outlook.”

He added that investors may have changed their portfolios as a result of the conflict.

“Will they diversify their holdings? Will they make more direct investments in the U.S.? How will the situation that unfolded change the investment landscape and the investment philosophy and asset allocation?” he said. “I don’t know yet.”

The Premier Lacrosse League wants to begin selling its teams to individual owners or groups by 2028 “or soon thereafter,” league co-founder Paul Rabil told CNBC.

In the next decade, Rabil said, he wants the league to expand from eight teams to as many as 16, with each franchise owned independently, similar to other U.S. professional leagues. The PLL is in its eighth season, and currently the league, itself, owns the teams.

Rabil, 40, is perhaps the most famous American lacrosse player in history, playing Major League Lacrosse from 2008 to 2018 before co-founding the PLL with his brother, Mike. The PLL merged with MLL in 2020.

The PLL is one of a number of emerging sports leagues, along with League One Volleyball, the Professional Women’s Hockey League and the Basketball Africa League, that have begun with a single-entity ownership model.

League One Volleyball has recently begun selling off teams to interested owners who pay expansion fees to take control of franchises. The BAL is beginning that process now, NBA Deputy Commissioner Mark Tatum told CNBC Sport last month.

The demand to own sports teams has skyrocketed in recent years as valuations for the biggest sports — the NFL, NBA, MLB and NHL — have soared. The spike in team valuations for the so-called Big Four U.S. sports leagues has pushed a class of investors toward more affordable teams in Major League Soccer, the National Women’s Soccer League and the WNBA.

Emerging sports leagues like the PLL are seeking to prove they can join this mezzanine class of leagues that can garner team valuations in the hundreds of millions or even close to a billion dollars.

Earlier this week, the PLL raised $100 million in a Series E funding round to grow the league. Rabil is banking on the 2028 Los Angeles Summer Olympics to give exposure to the league and the sport. Lacrosse hasn’t been a medal sport in the Summer Games for about 120 years but is returning in 2028.

“The first allotment of tickets sold out in 48 hours for lacrosse, so there’s good hype building,” Rabil said.

The PLL is backed by a combination of investor firms and wealthy individuals.

However, Rabil said, if a large private equity fund or a strategic company such as TKO Group, which owns World Wrestling Entertainment, Ultimate Fighting Championship and Professional Bull Riders, would like to acquire the league, “we would absolutely have those discussions.”