Pras Subramanian· Senior Reporter
Tue, July 7, <a href="https://todaytrendnews7.com/2026-tv-shows-not-eligible-for-emmys-this-year/” title=”2026 TV Shows Not Eligible for Emmys This Year”>2026 at 6:46 PM GMT+5:30
2 min read
- RIVN
-18.12%
Ri 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
Riock, with underwriters holding a 30-day option to buy up to 11.25 million additional shares. Based on Riuld raise around $1.5 billion, or roughly $1.7 billion including the overallotment option
Rincluding equity contributions tied to its Department of Energy loan arrangement supporting the company’s Georgia manufacturing build-out
Rivian stock slid 11% in early trade on Tuesday.
(RIVN)
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16.49-3.65(-18.12%)
At close: July 7 at 4:00:00 PM EDT
Alongside the offering, Rieen $1.55 billion and $1.65 billion, up from $1.30 billion a year earlier. Riries, “partially offset by lower average selling prices resulting from a higher mix of commercial vans,” along with growth in vehicle electrical architecture, software development services, and regulatory credit revenues
The company also estimated that cash, cash equivalents, and short-term investments climbed to roughly $5.3 billion as of June 30, up from $4.8 billion at the end of the first quarter
News of the share offering comes after a stretch of positive news for Ri
Earlier this month, the company reported second quarter production of 12,613 vehicles and deliveries of 12,194 vehicles, both well ahead of Wall Street expectations and the company’s own prior guidance of 9,000 to 11,000 deliveries
Those results come ahead of the delivery ramp for the R2, Ri as early R2 reviews and the conversion of preorders likely led the company to raise its full-year 2026 delivery guidance to 65,000 to 70,000 vehicles, up from 62,000 to 67,000 previously
Investors will get more on financial metrics like profitability, margins, and cash burn when Ri 30
Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him onXand onInstagram
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