Rivian Raises $2.5 Billion, Aiming to Launch EVs in 2021 [TheStreet.com]
T. Rowe Price Group, Inc. (TROW)
Last t. rowe price group, inc. earnings: 4/28 07:30 am
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Source: TheStreet.com
Electric vehicle maker Rivian closed a $2.5 billion investment round, as it aims to bring the first all-electric pickup to market in 2021.The company says that it is focused on the launch of its R1T pickup and R1S SUV models as well as delivery vehicles for Amazon(AMZNGet ReportRivian expects all three vehicles to launch in 2021."We are grateful for the strong investor support that helps enable us to focus on execution of our products," Founder and Chief Executive RJ Scaringe said in a statement.No new board seats will be added as part of the funding round.The round was led by T Rowe Price,TROWSoros Fund Management and existing shareholders Amazon and asset-management giant BlackRockBLKThe electric-pickup market is soon to become very competitive with Tesla'sTSLAGMRivian's earliest investor was Amazon, which led a $700 million funding round in February 2019. Ford signed on next, investing $500 million in April last year.In September, Cox Enterprises subsidiary Cox Automotive invested
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News
- T. Rowe Price says 2018 Tesla pay aligned with investor interests [Reuters]Reuters
- T. Rowe Price says 2018 Tesla pay aligned with investor interests [Yahoo! Finance]Yahoo! Finance
- T. Rowe Price Group, Inc. (NASDAQ: TROW) had its price target raised by analysts at Morgan Stanley from $114.00 to $125.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why Investors Need to Take Advantage of These 2 Finance Stocks Now [Yahoo! Finance]Yahoo! Finance
- Is T. Rowe Price All-Cap Opportunities Fund (PRWAX) a Strong Mutual Fund Pick Right Now? [Yahoo! Finance]Yahoo! Finance
TROW
Earnings
- 2/8/24 - Beat
TROW
Sec Filings
- 4/4/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- TROW's page on the SEC website