Rivian Announces Share Offering Amid Suspension of Profitability Target

Rivian Automotive announced plans to raise capital by offering 75 million shares, causing its stock to fall over 10% in premarket trading. The company also suspended a profitability target for 2027 due to increased R&D spending and reported Q2 revenue estimates above analyst expectations.

By Michael Wayland · CNBC · July 7, 2026, 12:34 UTC

Rivian Announces Share Offering Amid Suspension of Profitability Target

Tickers: $RIVN

Topics: public offering Rivian stock price movement

Read the full article at CNBC

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