Rivian shares decline after the electric-vehicle maker announces plans to sell 75 million new shares in a public offering, with media reports placing the total at about $1.5 billion. Multiple outlets say the company also preannounces its second-quarter revenue. Quartz reports that proceeds are intended to support equity contributions connected to a Department of Energy loan, tying the share sale to the DOE financing. Other reports similarly describe the stock drop as investors react to the size of the planned issuance and the timing of the update to quarterly results. The outlets agree on the key figures—75 million shares and an approximately $1.5 billion offering—and on the company’s simultaneous provision of information ahead of its Q2 reporting. The company’s rationale and use of funds are presented as linked to its DOE loan-related equity contributions, rather than general corporate purposes. The offering and preannouncement occur alongside market reaction that drives the stock lower in the immediate aftermath of the announcements.