Shares of Rivian Automotive slumped 15% after announcing a sale of 75 million shares to repay a DOE loan. Alongside the capital raise, the company announced second-quarter revenue of $1.3 billion.
Shares of Rivian Automotive slumped 15% after announcing a sale of 75 million shares to repay a DOE loan. Alongside the capital raise, the company announced second-quarter revenue of $1.3 billion.
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