Rivian Stock Dips After Q3 Sales Estimates On Target; Plans New $1.5B Debt Offering
- Rivian shares fell 8% after issuing preliminary Q3 sales estimates on par with forecasts
- Rivian estimates $1.29B-$1.33B in Q3 sales, analysts expected $1.31B
- Rivian plans to offer $1.5B in convertible senior notes due in 2030
- Notes give buyers option to purchase additional $225M
- Rivian stock up 28% YTD, S&P 500 up 10%
