Rivian Automotive's stock saw a significant decline of 18% due to a recent share offering, raising concerns among investors about the company's ongoing cash issues. This marks Rivian's largest single-day drop in nearly two years, reversing its year-to-date gain, which had been at 2% prior to the drop. As of now, the stock has fallen 16% in 2026.

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Rivian’s stock sale triggers worst rout for the shares in nearly two years

Rivian’s stock sinks 18% as Wall Street frets about the EV maker’s cash troubles

Updated July 7, 2026, 8:35 p.m. ET

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Rivian electric vehicles parked. Rivian’s share sale would raise about $1.5 billion for the EV maker. Photo: Getty Images

Rivian Automotive’s stock suffered its worst drop in 20 months on Tuesday, following a share offering that made investors question whether the electric-vehicle maker’s equity moves would be enough in face of continued cash troubles.

Rivian’s stock RIVN fell more than 18%, for its largest one-day percentage drop since Nov. 14, 2024, when it fell 14%. Tuesday’s drop has also flipped the stock’s performance for the year into negative territory. It’s now down 16% over the course of 2026 to date, whereas it was up 2% on a year-to-date basis through Monday’s close.

About the Author

Claudia Assis

Claudia Assis is a San Francisco–based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

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