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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‘ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement.🚀🚀
I bought huge amount of shares today because I see Rivian trucks everywhere here in Southern California
The only downside I see with the $1.7 bill convertible note offering is that it’s not enough. Rivian loses $1.2 billion every quarter. The offering should have been for at least two years of losses; or about $10 bill to give Rivian some breathing room. Existing shareholders will be diluted either way
RIVIAN is trying to squeeze traders and investors so they can save their company from collapse sound like a setup to me