What's Going On With Rivian Stock?
Portfolio Pulse from Henry Khederian
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower by 2.6% amid overall market weakness and a rise in Treasury yields following the FOMC statement. The company, like many EV companies, requires substantial capital for growth initiatives, and rising interest rates could increase borrowing costs, potentially impacting its ability to fund these initiatives. Investors are concerned about higher capital costs affecting Rivian's financial health and growth prospects.
September 21, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Rivian's stock is trading lower due to overall market weakness and rising Treasury yields. The potential increase in borrowing costs due to rising interest rates could impact Rivian's growth initiatives.
Rivian's stock is trading lower due to overall market weakness and rising Treasury yields. As an EV company, Rivian requires substantial capital for growth initiatives. Rising interest rates could increase the cost of borrowing, potentially impacting the company's ability to fund these initiatives. This could negatively affect the company's financial health and growth prospects, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100