Electric vehicle maker Rivian announced a public offering of 75 million common shares, with an option for underwriters to buy an additional 11.25 million shares, to raise funds for general corporate purposes. The announcement caused Rivian's stock to fall about 15% due to concerns over dilution. The company plans to use the proceeds for equity contributions related to a loan amendment and agreements with the U.S. Department of Energy. Rivian also reported better-than-expected Q2 revenue estimates of $1.55-$1.65 billion and a strong cash balance of $5.3 billion at quarter-end.
Tesla introduced the Model Y L Premium Launch Series in the US, featuring a longer wheelbase and a proper third row with six seats, priced at $61,990. This move fills the gap left by the discontinuation of the Model X and competes with other electric...
Rivian Automotive's stock dropped over 13%, marking its worst single-day decline in nearly two years, following a $1.5 billion share offering. Investors are worried whether the funds raised will be sufficient to address the company's ongoing cash flo...
Rivian's stock dropped over 10% in premarket trading after the company announced a public offering of 75 million shares, aiming to raise about $1.51 billion based on Monday's closing price. The funds will support equity contributions for a loan agree...
Rivian Automotive's stock fell sharply after the company announced it would offer 75 million new shares. The move aims to raise funds to repay a loan from the U.S. Department of Energy. This share sale caused investors to pull back after recent gains...
Tesla reported strong vehicle production and deliveries in Q2 2025, beating estimates with 480,126 deliveries, yet its stock dipped due to a high $1.5 trillion valuation. Rivian, much smaller with a $23.5 billion market cap, launched the R2 SUV to co...
