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Rivian Beat Its Own Delivery Guidance. Then It Announced a $1.5 Billion Share Sale and Erased the Rally.

Rivian delivered more vehicles than promised and raised its full-year outlook — the stock jumped. Four days later, a 75-million-share stock offering wiped most of that gain out. Here's why "the company did well" and "the stock did well" aren't the same question.

July 7, 2026