EV maker Rivian plans $1.5 billion convertible bond sale, shares fall
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U.S. releases new guidance on EV tax credit rebate rules
October 6, 2023 10:26 AM EDTThe U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.
Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More
Rivian (RIVN) sinks after announcing convertible note offering and preliminary results
October 5, 2023 9:11 AM EDTShares of Rivian Automotive (NASDAQ: RIVN) were down nearly 10% in pre-market trading Thursday morning after the electric automaker announced a $1.5Bn green convertible note offering last night along with further preliminary 3Q results.
Rivian plans to raise $1.5 billion through a green convertible senior unsecured notes... More
