Rivian’s Target Is Attractive Versus Tesla Backed By Topline Growth Prospects, Robust Demand, Analyst Says; Debt Offering Likely To Fuel Capex

Mizuho analyst Vijay Rakesh maintains Rivian Automotive Inc (NASDAQ: RIVN) with a Buy and lowers the price target from $37 to $35. RIVN announced a $1.3 billion green convertible senior note offering....

Fisker’s Q4 Top-Line Jumps Seven-Fold; Forecasts Potentially Positive EBITDA For 2023

Fisker Inc (NYSE: FSR) reported fourth-quarter FY22 sales of $306 thousand versus $41 thousand a year ago. Total operating costs and expenses rose 33.5% to $178.2 million. Operating loss for the quart...