Year: 2019

(Bloomberg) — Rivian Automotive Inc., the electric-truck maker already backed by Amazon.com Inc. and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.The funds generated from Rivian’s fourth major investment this year boosts the total raised to $2.85 billion. The Plymouth, Michigan-based manufacturer said Amazon, Ford and funds managed by BlackRock also participated in the round.Rivian’s latest haul comes as the company is drawing significant interest from both consumers and businesses wanting to shift to electric vehicles. Chief Executive Officer R.J. Scaringe has spent the …read more […]

Nike teamed up with the former NFL star Colin Kaepernick to launch its latest Air Force 1 sneaker collaboration. Yahoo Finance’s Kristin Myers, Sibile Marcellus, Scott Gamm and Reggie Wade discuss on YFi AM. …read more […]

Like a puppy chasing its tail, some new investors often chase ‘the next big thing’, even if that means buying ‘story… …read more […]

Tesla shares hit a record high of $420 apiece. …read more […]

The co-founder and former CEO of Uber is on track to completely sell off his stake in the company. Travis Kalanick has sold more than $2.5 billion worth of shares, which leaves him with less than 10% of his holdings. Yahoo Finance’s Kristin Myers, SIbile Marcellus and Scott Gamm discuss on YFi AM. …read more […]

The investment round, which also included BlackRock Inc, is the fourth this year for Rivian and positions the Plymouth, Michigan-based company as one of the better-financed players in a crowded EV manufacturing market where Tesla Inc is the most established player. “This investment demonstrates confidence in our team, products, technology and strategy,” Rivian Chief Executive R.J. Scaringe said in a statement. …read more […]

The stock was worth less than $10 at the dawn of the 2010s. …read more […]