Rivian stands by 2023 production target despite media report
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Rivian (RIVN) shares drop on planned convertible bond offering
March 7, 2023 7:35 AM ESTRivians (NASDAQ: RIVN) stock fell as much as 8% to $15.75 in late trading on Monday after the electric vehicle maker announced that it is seeking to raise $1.3 billion through the sale of green convertible bonds due in 2029. Rivian plans to sell bonds weakening demand and lofty costs tighten a cash crunch around... More
