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EV maker plans to fund DOE loan obligations despite forecasting second-quarter revenue above analyst estimates.

Rivian Automotive Inc (NASDAQ:RIVN) shares declined on Tuesday after the electric vehicle maker announced a public offering of common stock aimed at raising capital for general corporate purposes. The company said it has commenced an underwritten public offering of 75 million shares of common...

Shares of Rivian (NASDAQ:RIVN) are down 14% in Tuesday morning trading, changing hands at $17 and change after the electric-vehicle maker priced a large secondary equity offering after Monday’s close. The move wipes out most of Rivian stock’s 23% one-month advance heading into the announcement. The selling has spread across the sector. Lucid (NASDAQ:LCID) stock ... Rivian Craters 14% on 75M Share Offering, Lucid Falls 9% as EV Rally Reverses

Shares of electric automaker Rivian are down 13% today after it disclosed plans to sell 75 million shares of common stock. Based on Rivian's share price Monday evening, when the move was announced, the sale would raise about $1.5 billion. The automaker said it plans to use the proceeds from a sale for "general corporate purposes," including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming electric vehicle manufacturing facility in Georgia.

Rivian Automotive's (RIVN) shares tumbled on Tuesday after the electric vehicle maker launched a sto

The EV maker is selling 75 million new shares to fund equity contributions tied to a Department of Energy loan

Rivian stock slipped on Tuesday after the company announced a new share offering after Monday's close.

Rivian (RIVN) surprised investors by announcing a new share offering after Monday's close, a move that sent the stock slipping on Tuesday after recent positive momentum.

Stock Market Today: The Dow Jones index rose, while tech futures sold off amid Samsung earnings. Micron and Sandisk plunged.

Rivian stock dropped around 10% after it announced the public offering. The proceeds from the stock sale will go toward paying off a government loan.

Investors slam the brakes on a recent rally, threatening to wipe out all of the EV maker’s gains from the previous session.

Futures are pointing to a mixed open for major indexes as tech stocks retreat after posting big gains to start the week. Here’s what investors need to know today.

Investors cheered a strong delivery report that sent the stock soaring, but the company had another plan for that higher price.

The premium you see on the sticker today is not the price you are really paying once you account for the earnings growth analysts expect.

US equity futures were mostly pointing lower before the open Tuesday amid a broad sell-off in chip s

AI stocks take a beating, with South Korean memory-chip maker Samsung Electronics setting the tone for the broader market.

(Bloomberg) -- US stock futures pointed to renewed weakness in technology shares after Samsung Electronics Co.’s earnings failed to satisfy investors, renewing pressure on chipmakers across global markets.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Senten

(Bloomberg) -- For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentenc

AI stocks take a beating, with South Korean memory-chip maker Samsung Electronics setting the tone for the broader market.

Investors slam the brakes on a recent rally, threatening to wipe out all of the EV maker’s gains from the previous session.

↘️ Samsung (KR:005930): The technology company said it expects a record quarter thanks to rising AI chip demand. However, the update failed to impress investors used to blowout results from chipmakers, and its shares tumbled.

The Rivian stock price may be stuck in a holding pattern until production ramps up.

AI-driven momentum is keeping bulls in high spirits after the Dow’s record close, though investors are a bit cautious ahead of the Fed minutes and fresh corporate catalysts.

Rivian also issued preliminary Q2 estimates, projecting revenue of $1.55 billion to $1.65 billion and cash and cash equivalents.

Rivian, on Monday, announced its intent to sell 75 million shares in a public offering.

Rivian Automotive Inc (NASDAQ:RIVN) shares are tumbling in extended trading Monday after the company announced a public offering. Rivian Automotive stock is among the weakest performers. What’s behind RIVN decline? Rivian Commences Offering Of Common Stock Rivian announced an underwritten public offering of up to 75 million shares of common stock. The company also plans to grant the underwriters a 30-day window to buy up to an additional 11.25 million shares at the public offering price, which h

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6.2% in the morning session after the company continued to see positive momentum following strong second-quarter production and delivery numbers late the previous week.

Success in the EV market isn't guaranteed, but Rivian's recent moves appear to be the right ones.

Shares of Tesla (NASDAQ:TSLA) are up 6% in midday trading to $416.50, leading a broad electric-vehicle rebound after a rough stretch for the group. Rivian, Nio, and Lucid are all trading higher alongside Tesla stock, and autonomous-vehicle ETFs are joining the move. Tesla stock’s gain caps a volatile few weeks. Tesla shares are still down ... Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally

Rivian stock soared again Monday after J.P. Morgan boosted its price target for the EV maker’s shares. The problem: Rivian’s recent hot streak has taken the stock beyond what J.P. Morgan and the rest of Wall Street think it is actually worth. The move came after analyst Rajat Gupta raised his price target to $15 per share from $9 per share, following Rivian’s recent delivery report.