Mike Khouw gives a trade on Rivian and Tesla, informed by his wife's recent auto purchase.

Rivian stock is soaring this year and is up by nearly 50% from its lowest point this year, with analysts predicting more upside ahead.

Rivian Automotive shares are in focus Monday after the company reported second-quarter production and delivery figures Thursday.

Mike Khouw gives a trade on Rivian and Tesla, informed by his wife's recent auto purchase.

17:23 EDT Rivian (RIVN) down 8% at $18.60 after announcing 75M share equity offering4th of July Sale - 70% Off Unlock powerful investing tools ...