RIVN Stock Climbs Despite Lucid Bankruptcy Rumors As Morgan Stanley Lifts Price Target

• Rivian is scheduled to report second-quarter results on July 30.
• Earlier this month, the company reported 12,194 Q2 deliveries, well above its prior 9,000–11,000 guidance.
• Days later, the EV maker also completed a $1.32 billion equity offering, creating a sharp selloff in the stock.

Shares of Rivian Automotive Inc (RIVN) ended a choppy trading session on Tuesday 1% higher, buoyed by Morgan Stanley analyst Andrew Percoco’s cautious optimism on the stock.  

The stock opened marginally higher and rose 2% but also fell as much as 3.5% following rumors that its peer, EV maker Lucid Group, is contemplating a bankruptcy filing or a take-private deal.

Wall Street’s Careful Optimism On Rivian

Percoco raised his price target on Rivian to $13 from $12 while maintaining an Underweight rating. The firm is “more positive” on Rivian within the EV group ahead of second-quarter earnings, citing the company’s strong deliveries beat, raised guidance, and recent equity raise. However, it continues to favor traditional automakers with internal-combustion-engine exposure over EV makers and suppliers, Morgan Stanley said.

Lucid Bankruptcy Rumors Spark Selloff

By Tuesday noon, a news report said that Rivian’s peer Lucid is contemplating a take-private deal or a bankruptcy protection filing, sending the stock down about 50%. RIVN shares also slipped over the news but pared losses after Lucid denied the claims as “completely false,” stating it has sufficient liquidity into next year.

Rivian Earnings

Rivian is scheduled to report second-quarter results on July 30. Earlier this month, the company reported 12,194 Q2 deliveries—well above its prior 9,000-11,000 guidance—and lifted its full-year target to 65,000-70,000 vehicles.

Days later, the EV maker also completed a $1.32-billion equity offering, selling 86.25 million Class A shares at $15.50 per share. Proceeds will fund general corporate purposes, including required equity contributions tied to a U.S. Department of Energy loan supporting R2 production and the Georgia plant. The offering caused notable dilution of roughly 6% and triggered a sharp sell-off in the stock.

How Did RIVN Retail Traders React?

On Stocktwits, retail sentiment around RIVN stock stayed within the ‘bullish’ territory over the past 24 hours, while message volume remained at ‘high’ levels.

A Stocktwits user highlighted Rivian’s cash burn, drawing parallels with Lucid. Rivian burned $1.075 billion in free cash flow in Q1 2026.

Another termed the stock as “overvalued.”

According to data from Koyfin, 11 of the 26 analysts covering RIVN rate it Buy or higher, while ten rate it Hold, and 5 rate it Sell or Strong Sell. The stock has a 12-month average price target of $18.77, representing a potential upside of 7% from the stock’s last closing price.

RIVN stock has fallen about 11% year-to-date. 

Read More: CELC Stock Clocks Best Day In About 2 Months On First FDA Approval For Cancer Drug

For updates and corrections, email newsroom[at]stocktwits[dot]com.