U.S. releases new guidance on EV tax credit rebate rules
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Rivian Automotive, Inc. Prices $1.5 Billion Green Convertible Senior Notes Offering
October 5, 2023 7:04 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (Nasdaq: RIVN) (Rivian) today announced the pricing of its offering of $1,500,000,000 aggregate principal amount of 3.625% green convertible senior notes due 2030 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the notes are scheduled to settle on October 10, 2023, subject to customary closing conditions. Rivian also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the... More
Lucid Introduces the New $77,400 Air Pure RWD, a Sporty and Stylish EV Offering an Unsurpassed Combination of Range, Driver-Oriented Performance, and Design
October 5, 2023 9:00 AM EDTThe new Lucid Air Pure Rear-Wheel Drive (RWD) is available immediately at a starting price of $77,400*.Lucid's proprietary EV technology delivers greater range and driver-oriented performance without the cost and weight of ever-larger battery packs.The Air Pure RWD has 410 miles of range**, more than any electric car currently available besides other Lucid Air models.Lucid's groundbreaking technology allows for faster charging, providing customers with the ability to add up to 150 miles in less than 12 minutes with DC fast... More
Rivian Automotive, Inc. Announces Proposed Green Convertible Senior Notes Offering
October 4, 2023 5:42 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (Nasdaq: RIVN) (Rivian) today announced its intention to offer, subject to market and other conditions, $1,500,000,000 aggregate principal amount of green convertible senior notes due 2030 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Rivian also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $225,000,000 principal amount of... More
