Streetbeat News

VWAGY

Volkswagen AG

https://www.volkswagenag.com/

Open

9.14

Mkt cap

45B

Volume

40K

High

9.14

P/E Ratio

3.53

52-wk high

16.48

Low

9.08

Div yield

0.12

52-wk low

8.83

Volkswagen (VW) and Rivian are in discussions to significantly expand their partnership, potentially collaborating on hardware and production. The head of Volkswagen's US electric car brand, Scout, is optimistic about the cooperation.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:32 pm

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: TJX Companies, Dutch Bros, Rivian Automotive, Pacific Gas & Electric, and Danaher Corporation. Key developments include TJX's joint venture with Grupo Axo, Dutch Bros' new board member and positive analyst rating, Rivian's $5 billion investment with Volkswagen, analyst updates on Pacific Gas & Electric, and Danaher's FDA approval for a Hepatitis C test.

Portfolio Pulse from Chris Katje

June 28, 2024 | 3:03 pm

Volkswagen is investing $5 billion in Rivian to form a joint venture focused on developing next-generation vehicle software. This partnership aims to enhance both companies' competitiveness in the EV market, particularly against Tesla. Rivian will use the funds to scale up manufacturing and build a new factory in Georgia. Additionally, Worksport is launching a solar-powered tonneau cover, SOLIS, which could add up to 10 miles of range per day for EVs.

Portfolio Pulse from Upwallstreet

June 27, 2024 | 5:16 pm

The article discusses the recent bullish moves in Novo Nordisk, Carvana, and Rivian, highlighting the pros and cons of trading options versus stocks. Novo Nordisk's stock surged after China approved its anti-obesity drug, Wegovy. Carvana's stock hit a 52-week high, benefiting from a call spread strategy. Rivian's shares rose significantly due to Volkswagen's $5 billion investment.

Portfolio Pulse from David Pinsen

June 27, 2024 | 4:39 pm

Rivian Automotive (NASDAQ:RIVN) held an investor day highlighting new vehicle launches, a joint venture with Volkswagen, and partnerships with Amazon and Tesla. CEO RJ Scaringe emphasized cost reductions, vertical integration, and autonomy. Rivian plans to open its EV charging network this summer and aims for positive gross profit by Q4 2024.

Portfolio Pulse from Chris Katje

June 27, 2024 | 3:26 pm

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a stock rally ahead of its investor day, where key updates on production, margin goals, and a new Georgia plant funded by Volkswagen (OTC:VWAGY) are expected. Fund manager Gary Black anticipates positive news, including reaffirmation of production targets and margin improvements.

Portfolio Pulse from Shanthi Rexaline

June 27, 2024 | 9:49 am

The article discusses the end-of-quarter window dressing, the upcoming release of the Fed's favorite inflation gauge (PCE), and various stock movements. It highlights the earnings report of Micron Technology (MU), significant investments in Rivian Automotive (RIVN) by Volkswagen (VWAGY), and the positive and negative money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 26, 2024 | 5:51 pm

Piper Sandler downgraded Aptiv PLC (NYSE:APTV) from Neutral to Underweight, reducing the price target from $78 to $63, due to a joint venture between Rivian Automotive Inc (NASDAQ:RIVN) and Volkswagen (OTC:VWAGY) focusing on in-house electrical architecture. This move signals a shift away from third-party suppliers like Aptiv.

Portfolio Pulse from Priya Nigam

June 26, 2024 | 4:48 pm

Volkswagen's $5-billion investment in Rivian has led to a surge in Rivian's stock price. Analysts have mixed ratings on Rivian, with some seeing the investment as a significant positive and others cautioning about potential dilution and competition. The investment is expected to help Rivian scale production and improve its cost position. The news also has potential positive implications for Lucid Group.

Portfolio Pulse from Chris Katje

June 26, 2024 | 3:55 pm

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