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Rivian Stock Drops Nearly 15% After Announcing $1.51 Billion Share Offering
L'essentiel
- Rivian's stock fell nearly 15% Tuesday after the EV maker announced a public offering of 75 million shares, aiming to raise approximately $1.51 billion.
- The funds will support equity contributions for a U.S.
- Department of Energy loan agreement.
Résumé généré par IA
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Rivian's stock fell nearly 15% Tuesday after the EV maker announced a public offering of 75 million shares, aiming to raise approximately $1.51 billion. The funds will support equity contributions for a U.S. Department of Energy loan agreement. This move follows Rivian suspending its 2027 profitability target and comes as the company launches its new R2 SUV.
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This article was originally published by CNBC World.
