The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
Investors slam the brakes on a recent rally, threatening to wipe out all of the EV maker's gains from the previous session.
Rivian said it expects to report revenues of between $1.55 billion and $1.65 billion in the second quarter, compared to analysts' estimates of $1.45 billion, according to LSEG data.
Shares of Rivian Automotive Inc. (RIVN) climbed more than 5% on Monday after JPMorgan raised its price target following the electric vehicle maker's stronger-than-expected second-quarter delivery results. The stock RIVN rose about 6% to $19.75 during trading, outperforming the broader market as investors reacted positively to the company's improved delivery outlook and growing optimism surrounding its new R2 vehicle platform.
Rivian Automotive launched the R2, marking a pivotal shift toward more affordable EVs and reigniting sales momentum. The EV manufacturer raised 2026 delivery guidance to 65K–70K vehicles, reflecting robust Q2 deliveries and improved production outlook. The stock trades at only ~2x 2026 sales targets, with valuation supported by strong positioning in the $50K midsize SUV/Crossover segment.
Wall Street analysts remain cautiously optimistic on Rivian Automotive (NASDAQ: RIVN), with the electric vehicle maker earning a consensus “Moderate Buy” rating despite expectations for limited upside over the next year.
The Form 4 flow at Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) looks ugly at a glance.
This article was written by Doug Nathman, with research by his team at Trefis.
Rivian Automotive Inc (NASDAQ:RIVN) shares rose about 8% following the company's second-quarter production and delivery update and an upward revision to its full-year outlook. The electric vehicle maker said it produced 12,613 vehicles at its Normal, Illinois manufacturing facility during the quarter ended June 30, 2026, while deliveries totaled 12,194 vehicles.
Rivian Automotive (RIVN) shares are ripping higher on Thursday morning following a bullish Q2 deliveries update that shattered both internal and Wall Street expectations. Investors are cheering the EV stock after management revealed it produced 12,513 vehicles in total and delivered 12,194 in the fiscal second quarter.
Rivian reports second-quarter deliveries of 12,194 vehicles. Wall Street was looking for about 11,000 vehicles.
Rivian raised its delivery outlook for the year to a range of 65,000 to 70,000 EVs. The electric vehicle maker said it produced 12,613 vehicles and delivered 12,194 units during the second quarter.