Rivian Learns the Power of the Hot Stock Force: Selling It Thornton McEnery Tue, July 7, 2026 at 10:02 AM PDT 2 min read RIVN NVDA TSLA UBER Rivian Learns the Power of the Hot Stock Force: Selling It - Moby BREAKING NEWS Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Congratulations to Rivian, which on Tuesday experienced its first genuine public Tesla moment, and we don't mean full self-driving. The EV maker's shares plunged more than 10% in early trading after it announced a public offering of 75 million Class A shares, worth roughly $1.51 billion at Monday's close of $20.14. The timing was, let's say, seasoned. Rivian stock had climbed 19% last week, then tacked on another 8.1% Monday, at which point management looked at the rally, looked at the checkbook, and decided the shareholders wouldn't mind chipping in. This is a rite of passage. Rivian has passed the hat before via convertibles (basically a quiet private sale to Uber), but never like this. Tesla spent the better part of a decade doing exactly this dance: let the stock rip, announce a massive share sale into the euphoria, watch the faithful grumble and then buy the dip anyway. Elon turned dilution into performance art. Rivian selling $1.5 billion of stock the morning after an 8% pop isn't chicanery so much as an announcement that it has graduated to the big leagues, where the reward for a hot stock is immediately using it as an ATM. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. To be fair, the money has a respectable destination: the proceeds fund Rivian's equity contributions under its Department of Energy loan agreement. And the numbers underneath aren't bad. Rivian pre-released second-quarter revenue of $1.55 billion to $1.65 billion, beating the $1.45 billion analysts expected, and its cash pile grew to $5.3 billion from $4.8 billion. The catch: Rivian recently shelved its 2027 profitability target, citing a coming spike in R&D spending on autonomy and next-gen tech, and is now betting the new R2 midsize SUV gets it to profitability by decade's end. Promising the good stuff is always a few years out while raising billions in the meantime? That's the Tesla playbook, chapter one. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info
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