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EV maker Rivian shares tumble after launch of $1.5 billion convertible bond offering

Published: October 5, 2023

NEW YORK (Reuters) -Shares of Rivian Automotive Inc fell by more than 20% on Thursday, and were on course for their biggest daily percentage decline since May last year, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that...

Source: yahoo.com

EV maker Rivian shares tumble after launch of $1.5 bln convertible bond offering

Published: October 5, 2023

Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine,...

Source: marketscreener.com

EV maker Rivian shares tumble after launch of US$1.5-billion convertible bond offering

Published: October 5, 2023

Move is expected to help ‘de-risk’ launch of its R2 sports utility vehicle

Source: theglobeandmail.com

Musk doesn't agree with the amount Lucid Motor is paying their CEO

Published: September 9, 2023

Musk made a post on X, addressing Lucid CEO Peter Rawlinson's compensation. Reacting to a tweet that labeled Rawlinson as "the highest-earning automotive CEO in 2022," Musk issued a stern caution to his followers: "Exercise caution when considering companies where executive pay isn't tied to performance."

Source: techstory.in