Earlier in April, Ford reduced prices on some of its F-150 Lightning models by as much as $5,500 to increase sales of its electric vehicles (EVs). The move may be helping push Rivian's stock lower as the Lightning is one of the only direct-competitors to Rivian's electric trucks. Reports surfaced on Monday that Tesla will be laying off 10% of its workforce which could also be weighing on Rivian shares as the broader EV market stumbles.
i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) ("i-80" or the "Company") is pleased to announce that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc.