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

14.02

Mkt cap

15B

Volume

31M

High

14.41

P/E Ratio

-2.57

52-wk high

24.61

Low

13.75

Div yield

N/A

52-wk low

8.26

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

Rivian Automotive Inc (NASDAQ:RIVN) shares fell 7.5% to $12.17 as major indexes pulled back. Despite a recent Federal Reserve rate cut, which initially boosted Rivian's stock, concerns over the company's cash burn and economic conditions have weighed on investor sentiment. Rivian remains in a growth phase with significant capital expenditures and has yet to turn a profit. Analysts generally view Rivian as an outperformer, with some expecting significant stock price increases.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 4:11 pm

Electric pickups face challenges in efficiency and market success, but innovations like Worksport's solar-powered solutions may improve their prospects. Rivian, Ford, Tesla, and Stellantis are key players in this evolving market.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 1:21 pm

Rivian Automotive has launched the 'Tri Max' variant of its R1S electric SUV, priced at $100,000, featuring a 0-60 mph acceleration in under 3 seconds. This new variant offers 850 hp and a range of 371 miles, adding to Rivian's premium offerings.

Portfolio Pulse from Anan Ashraf

September 20, 2024 | 10:49 am

Rivian Automotive Inc (NASDAQ:RIVN) saw a 2.25% increase in its stock price following the Federal Reserve's unexpected interest rate cut. The rate cut is expected to lower Rivian's borrowing costs, aiding its expansion and production efforts. Additionally, lower interest rates may boost consumer demand for Rivian's electric vehicles.

Portfolio Pulse from Henry Khederian

September 19, 2024 | 7:21 pm

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:28 pm

Rivian Automotive has launched a pre-owned vehicle section on its online store, offering used R1T and R1S models at lower prices than new ones. This move could attract cost-conscious buyers and increase Rivian's market reach.

Portfolio Pulse from Anan Ashraf

September 19, 2024 | 12:34 pm

Rivian Automotive (NASDAQ:RIVN) has seen unusual options activity, with a significant amount of bearish sentiment from large investors. The options trades indicate a price range expectation of $5.0 to $22.5. Analysts have mixed ratings, with recent downgrades and a target price of $18.0.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 8:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:47 pm

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm

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