"Shares of Rivian Automotive (NASDAQ:RIVN) lost 1.21% over the past five trading sessions after losing 3.40% the five prior. The current skid has seen the stock slide more than 17% from its one-month high, which has dragged RIVN's year-to-date performance down to a 1.36% loss. Over the past year, the stock is up 30.31%. In July, the EV maker announced that is continuing work on its Georgia plant, which is slated to open in 2028."
"Earlier in July, Rivian announced a partnership with Google Maps on a new navigation system for its electric vehicles. Rivian will continue to offer its own customized navigation interface on the 15.6-inch center touchscreen, but the underlying data is now powered by the Automotive SDK from Google Maps instead of third-party alternatives. On June 2, it was reported that Rivian was eyeing a new debt deal as expected vehicle deliveries slumped."
"On June 2, it was reported that Rivian was eyeing a new debt deal as expected vehicle deliveries slumped. The U.S.-based EV maker announced plans to offer $1.25 billion in senior secure green notes due 2031 in a private offering. The EV maker plans to use those funds, as well as cash on hand, to redeem $1.25 billion of outstanding senior secured notes due in 2026."
Shares of Rivian Automotive slipped 1.21% over the past five trading sessions after a prior 3.40% decline, trading more than 17% below its one-month high. Year-to-date performance is down 1.36%, while the stock is up 30.31% over the past year. The company is continuing work on a Georgia plant scheduled to open in 2028 and launched a navigation partnership with Google Maps using the Automotive SDK while retaining its customized 15.6-inch touchscreen interface. Rivian plans a $1.25 billion senior secured green note offering to refinance 2026 notes, reported improving gross profit trends, and will report Q2 results Aug. 5.
Read at 24/7 Wall St.
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