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

EVgo has announced that Rivian's R1T and R1S models have joined the list of compatible vehicles for its Autocharge+ service. This will allow Rivian vehicle owners to automatically start charging their vehicles at any EVgo station without needing a membership card or mobile app.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:03 am

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Williams-Sonoma (WSM), NIO Inc. (NIO), Carvana Co. (CVNA), Ford Motor Company (F), The Home Depot (HD), Winnebago Industries (WGO), McDonald's Corporation (MCD), Rivian Automotive (RIVN), and MGM Resorts International (MGM). The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:35 pm

Zacks Counterstrike Newsletter has picked Rivian Automotive (RIVN) as a stock to watch.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 5:23 pm

Rivian Automotive Inc's shares are trading lower after Tesla Inc lowered some Model Y prices in China. Although Rivian does not yet sell in China, Tesla's price reductions might raise concerns about Rivian's market share potential. Investors might also perceive Tesla's actions as a response to economic conditions, leading to concerns about Rivian's growth prospects in a potentially challenging environment.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 3:21 pm

Legacy automakers Ford (F) and General Motors (GM) are facing setbacks in their EV production, with Ford postponing the launch of its all-electric Ford Explorer and GM experiencing issues with its Ultium battery production. Meanwhile, Tesla (TSLA) has cut prices in China, intensifying competition. Rivian (RIVN) beat Q2 estimates and raised 2023 production guidance. The EV market in China also saw a slump in stocks of BYD (BYDDY), Li Auto (LI), and Xpeng (XPEV) following Tesla's price cut.

Portfolio Pulse from Upwallstreet

August 14, 2023 | 1:05 pm

The week ending August 1 saw a downturn in electric vehicle (EV) stocks due to inflation worries and earnings news. Key events included the resignation of Tesla's CFO Zachary Kirkhorn, PepsiCo's endorsement of Tesla's Semi, and Elon Musk's announcement of a 'mind-blowing' full-self driving software update. General Motors' pricing strategy for its new Cadillac EV was criticized, while Rivian and Lucid reported earnings. GM's Cruise and Alphabet's Waymo received approval for expanded driverless operations in San Francisco. Nio denied rumors of a partnership with Mercedes-Benz.

Portfolio Pulse from Shanthi Rexaline

August 12, 2023 | 1:30 pm

Rivian Automotive's (NASDAQ:RIVN) R1T electric vehicle was spotted near Hyundai's research and development facility in South Korea, sparking speculation about Hyundai's plans to develop its own electric truck. This follows Hyundai's release of its next-generation EV platform in June, which aims to support 13 new electric vehicle models. While Hyundai's plans remain unclear, Kia has already announced its intention to add two electric trucks to its lineup by 2027.

Portfolio Pulse from Benzinga Neuro

August 12, 2023 | 12:08 pm

Tesla's Cybertruck design has been criticized by fans as the vehicle nears its launch, particularly for its interior and the size of its front storage space. Despite the criticism, industry experts believe the Cybertruck has the potential to disrupt the truck market due to its unique design and the 'Tesla factor'. The Cybertruck is being compared to other electric trucks such as Rivian's R1T and Ford's F-150 Lightning.

Portfolio Pulse from Benzinga Neuro

August 12, 2023 | 8:51 am

The S&P 500 and Nasdaq Composite saw losses while the Dow Jones gained. July's consumer price index rose to 3.2% in annual inflation, below market expectations. Stifel's Chief Equity Strategist predicts a flat market for the rest of the year. Penn Entertainment Inc announced an exclusive sports betting deal with ESPN, causing a 20% spike in shares, but ended the week with a 4.47% loss. Disney reported a mixed third quarter, with revenue growing 4% annually but below analyst expectations. AMC Entertainment Holdings ended the week 4.37% higher after reporting earnings. Rivian Automotive Inc lost more than 16% of its value this week after reporting losses. Plug Power Inc shares tanked 20.78% despite better-than-expected quarterly results. Canopy Growth, Curaleaf Holdings, and Aurora Cannabis Inc all saw losses after reporting earnings.

Portfolio Pulse from Natan Ponieman

August 11, 2023 | 8:37 pm

The article provides a list of 10 consumer discretionary stocks with whale alerts in today's session. The stocks mentioned are TSLA, MGM, F, RIVN, PENN, ROST, DASH, NCLH, ANF, and NIO. The whale alerts are based on options activity and can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:35 pm

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