Rivian stock tumbles on convertible note offering, sales guidance

Rivian (RIVN) shares fell in early trading after announcing its plans to issue $1.5 billion in convertible debt. The EV truck maker also issued third quarter revenue guidance of $1.29 billion to $1.33 billion. Yahoo Finance Live explains the company’s announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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