Rivian Automotive's $584 Million Trading Volume Leads to Second Day of Losses Amid High-Yield Bond Talks

On May 30, 2025, Rivian Automotive (RIVN) saw a trading volume of $584 million, marking a 52.4% increase from the previous day. However, the stock price declined by 3.17%, marking the second consecutive day of losses, with a total decrease of 6.14% over the past two days.

Rivian Automotive is in discussions with JPMorgan Chase regarding a potential high-yield bond sale. The electric vehicle (EV) manufacturer aims to raise up to $2 billion, partially to refinance existing bonds that are set to mature in 2026. Early pricing talks suggest a yield around 10%. The transaction could commence as early as the following week, although the deal is still under negotiation and may not proceed as planned.

This potential debt deal follows Rivian's recent reduction in its 2025 delivery forecast, attributed to U.S. tariffs on imported vehicles and auto parts. These tariffs pose a threat to the economy and could decrease demand for Rivian's electric SUVs and pickup trucks. Despite manufacturing its vehicles in the U.S. and sourcing most parts from North America, Rivian relies on Asian countries for essential components like lithium-ion batteries, which are subject to significant duties, thereby increasing expenses for EV makers.