Rivian shares fell after the electric vehicle maker announced a $1.5 billion share offering, raising concerns over shareholder dilution. The company said the proceeds will support expansion plans, including its Georgia plant and R2 model, despite improving revenue guidance and maintaining a strong cash position.
Rivian shares fell after the electric vehicle maker announced a $1.5 billion share offering, raising concerns over shareholder dilution. The company said the proceeds will support expansion plans, including its Georgia plant and R2 model, despite improving revenue guidance and maintaining a strong cash position.
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