Rivian shares fell over 20% after the EV maker said it plans to raise $1.5 billion
Publishing timestamp: 2023-10-05 16:02:45
Summary
Rivian Automotive plans to offer $1.5 billion in convertible notes, which surprised investors and caused the company's shares to fall over 22%. The company's third-quarter revenue is expected to be in line with Wall Street estimates, and it reported better-than-expected deliveries. Rivian will report its third-quarter earnings on November 7th.
Sentiment: NEGATIVE
Tickers: RIVN,
Keywords: business, electric vehicles, climate, breaking news: markets, breaking news: technology, earnings, rivian automotive inc, markets, technology, stock markets, business news,