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

9.95

Mkt cap

10B

Volume

51M

High

10.24

P/E Ratio

-1.84

52-wk high

24.61

Low

9.81

Div yield

N/A

52-wk low

8.26

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

General Motors (GM) is expanding its electric vehicle lineup with the GMC Sierra, aiming to lead the U.S. electric truck market. The competition includes Ford, Rivian, and Tesla. Worksport is launching a portable energy system compatible with GM and Ford pickups, potentially collaborating with Tesla.

Portfolio Pulse from Upwallstreet

August 21, 2024 | 1:07 pm

Tim Fallon, Rivian's Head of Manufacturing, has joined Stellantis as the head of manufacturing in North America. This move comes as Stellantis faces declining profits and revenues, and aims to revitalize its North American operations.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 9:17 am

Uber has hired former Tesla executive Rebecca Tinucci to lead its transition to electric vehicles as the global head of sustainability. Tinucci, who previously managed Tesla's Supercharging team, will start on September 16. Uber aims for zero-emission rides by 2040. The news comes as Uber's stock has gained over 64% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 6:10 pm

Donald Trump is considering ending the $7,500 electric vehicle (EV) tax credit and potentially appointing Elon Musk to a cabinet or advisory role if he is elected. This could impact the EV market and companies like Tesla.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:42 pm

Rivian Automotive (NASDAQ:RIVN) has received mixed analyst ratings over the past three months, with a recent increase in the average 12-month price target to $17.31. Analysts have varied in their ratings, with some maintaining or raising their price targets, while others have lowered them. Rivian's financial performance shows a noteworthy revenue growth rate of 3.3% but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 8:01 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive, maintaining a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:06 pm

Rivian Automotive's short interest has decreased by 5.79%, with 16.61% of its shares sold short. This is higher than its peers' average of 6.46%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 2:00 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

Rivian Automotive (NASDAQ:RIVN) has launched a $1,400 travel kitchen designed for its R1 vehicles, which can also be used with other power sources. This new product aligns with Rivian's adventure-focused branding and follows the recent launch of the second generation of R1 vehicles. The company plans to start production of a lower-priced R2 SUV in 2026.

Portfolio Pulse from Anan Ashraf

August 17, 2024 | 7:46 am

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