Rivian (NASDAQ: RIVN) stock has fallen 87% since its initial public offering (IPO) on November 10, 2021. The electric vehicle company recently reported delivering 12,194 vehicles in the second quarter, with a full-year outlook of 65,000 to 70,000 units. In Q2, Rivian's revenue rose 27% to $1.66 billion, though it posted a loss of $837 million. Earlier this year, the company raised approximately $1.3 billion through a follow-on equity offering of 86.25 million Class A shares.