Rivian Automotive Shares Rise After $1.16 B Equity Raise and R2 SUV Plans

Rivian Automotive stock gained roughly 2% after the company completed a $1.16 billion equity raise and lifted its 2026 delivery guidance. Analysts such as UBS raised their price target, citing the upcoming launch of the lower‑priced R2 SUV and a joint venture with Volkswagen that provides additional funding and technology validation. The equity raise improves liquidity and signals confidence in Rivian’s growth trajectory despite the firm remaining unprofitable.

In the same market context, Tesla’s shares are down about 12% this year. The automaker is shifting focus toward autonomous robotaxi services, piloting driver‑less rides in U.S. cities like Austin and Dallas, and developing a purpose‑built Cybercab. While the robotaxi push could transform Tesla’s business model, repeated delays in delivering full autonomy have kept investors cautious.