Streetbeat News

RIVN

Rivian Automotive, Inc.

Industry

Auto - Manufacturers

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Rivian Automotive has launched a new referral program in the U.S. to reward customers who refer new buyers, similar to Tesla's scheme. The program offers points and charging benefits to both referrers and new buyers.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 10:25 am

Whales are showing a bearish stance on Rivian Automotive (RIVN) with 80% of recent options trades being bearish. The price target for RIVN is between $10.0 and $16.0. Analysts have mixed ratings, with price targets ranging from $15 to $20.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 7:45 pm

Rivian Automotive Inc. (RIVN) and Lucid Group Inc. (LCID) are two California-based EV startups investing heavily in R&D while yet to turn a profit. Rivian, with higher sales volume, reported a larger net loss compared to Lucid. Both companies are planning new models to expand their market reach. Rivian aims for profitability by late 2024, while Lucid has not provided a timeline. Year-to-date, Lucid's stock is up 2.7%, while Rivian's is down 32%.

Portfolio Pulse from Anan Ashraf

August 27, 2024 | 12:35 pm

Rivian Automotive Inc. (NASDAQ:RIVN) shares are trading higher following Canada's announcement of a 100% tariff on Chinese-made EVs, aligning with the U.S. and EU. Despite a recent fire at Rivian's Illinois plant, analysts remain optimistic about the stock's future performance.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 6:43 pm

Canada's Prime Minister Trudeau has announced a 100% tariff on Chinese electric vehicle imports and a 25% tariff on Chinese aluminum and steel. This move could impact companies involved in the production and import of these goods.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:39 pm

A fire at Rivian's Illinois plant damaged several vehicles but did not affect the plant itself. No injuries were reported. The plant is Rivian's only operational facility, with plans for a new plant in Georgia currently on hold.

Portfolio Pulse from Anan Ashraf

August 26, 2024 | 11:43 am

The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

Financial giants are showing a bullish trend on Rivian Automotive (NASDAQ:RIVN) with 61% of options traders being bullish. The stock is currently trading at $13.94, up by 8.78%. Analysts have mixed ratings with price targets ranging from $15 to $19.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 6:16 pm

Shares of electric vehicle (EV) companies are experiencing an uptick due to positive market sentiment following comments from Fed Chair Powell regarding the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:10 pm

Rivian Automotive Inc (RIVN) faces significant challenges as its stock drops 38.32% year-to-date. The company halted production of EV vans for Amazon due to parts shortages and lost its manufacturing chief to Jeep. These issues, along with bearish technical indicators, suggest a tough road ahead for Rivian.

Portfolio Pulse from Surbhi Jain

August 22, 2024 | 4:26 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.