Rivian Shares Surge as Volkswagen Increases Its Potential Investment. Is It Too Late to Buy the Stock? [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
The surge in shares continues the roller-coaster ride for the stock, which has seen a number of big moves in 2024, both to the upside and downside. The stock now sits down about 50% on the year, as of this writing. With the JV finalized, let's take a closer look at the partnership and whether it can help continue to energize Rivian's stock. Volkswagen originally announced it would invest up to $5 billion in Rivian and form a JV with the EV maker back in June. With the finalization of the JV, though, Volkswagen increased its potential investment up to $5.8 billion. Prior to the JV, Rivian had already received a $1 billion investment from the German automaker in the form of convertible notes. The debt is expected to be converted into Rivian shares by the end of this year. Half of the notes will be converted into equity at a conversion price of $10.84, while the conversion price for the remaining half will be based on the stock's 45-day volume-weighted average price (VWAP). With
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RIVN
News
- Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access [TechCrunch]TechCrunch
- Fortune [Fortune]Fortune
- How CFOs can avoid the ‘innovator's dilemma' [Yahoo! Finance]Yahoo! Finance
- Three Big Reasons to Love Rivian (RIVN) [Yahoo! Finance]Yahoo! Finance
- How CFOs can avoid the ‘innovator's dilemma' [Fortune]Fortune
RIVN
Earnings
- 11/7/24 - Beat
RIVN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/12/24 - Form 8-K
- RIVN's page on the SEC website