Rivian – The U.S. electric vehicle hopeful stops its rally with a billion-dollar capital increase!

Rivian puts the brakes on its rally: A capital increase of 75 million shares (approximately 1.51 billion USD) to pay off a government loan pushes the stock down 7.9% to 18.55 USD. Previously, J.P. Morgan had raised its target to 15 USD – but maintained a "Sell" rating. The R2 platform remains the big hope. Full stop after the record run Rivian makes a sudden U-turn: After an impressive price rally, investors sharply hit the brakes on Tuesday as the electric vehicle manufacturer plans to issue new shares. The stock plummets by 7.9%, threatening...