Rivian Automotive
Coverage of Rivian Automotive in the Nexus archive.
- AI stocks resume their drops and drag markets lower worldwide
AI stocks declined globally, dragging down major indices like the S&P 500, Nasdaq, and Dow Jones. Samsung Electronics, Micron Technology, and Intel saw significant drops, while rising oil prices and geopolitical tensions in the Strait of Hormuz added pressure to markets.
- AI stocks resume their drops and drag markets lower worldwide
AI stocks fell sharply, dragging down global markets including the S&P 500, Nasdaq, and Dow Jones. Samsung Electronics dropped 6.9% in South Korea despite strong quarterly results, while Micron and Nvidia also declined. Concerns about overvaluation and AI's profitability, along with rising oil prices and corporate news, weighed on investor sentiment.
- Electric Vehicle Maker Rivian Offers to Sell 75 Million Shares
Rivian Automotive Inc. is offering to sell 75 million shares through a potential high-yield bond sale led by JPMorgan Chase & Co., partly to refinance upcoming debt. The company's R1S and R1T electric vehicles are showcased at a dealership and service center in South San Francisco.
- Rivian’s CEO on Tesla’s Cybertruck, Ferrari’s Luce, and What Happens If the R2 Fails
Rivian CEO RJ Scaringe discussed the company's new electric SUV in the context of the EV industry, addressing competition from Tesla's Cybertruck and Ferrari's Luce, as well as potential outcomes if Rivian's R2 model fails.