Rivian Stock Freefall: Why Did It Plummet 23% In A Day?


Rivian Automotive, the electric vehicle (EV) manufacturer that had been on a high-flying trajectory, left investors stunned with a surprising announcement on Thursday. The company unveiled its plans to offer $1.5 billion in convertible notes, which sent its shares tumbling by over 23%. This unexpected move comes alongside a preliminary estimate for its third-quarter revenue, … Read more