Rivian's New Plan Is To Raise $1.3 Billion With 'Green Bonds' And The Market Didn't Like It | Carscoops carscoops
maker is doing everything it can think of to increase available cash, increase production, and get to profitability.Earlier in the year it announced that it would cut some six percent of its employees in an effort to save money. The first of those cuts happened only days ago. CEO RJ Scaringe specifically said that the company had to focus its efforts on ramping up production and its path to profitability.could help it be in a much better position a few years from now.
Notably, Rivian isn’t alone in leveraging bonds as a means of firming up its bottom line. Back in 2021,
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