RIVN News and Press, Rivian Automotive Inc. From 07/02/24

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period. Production and delivery resul...

2024-07-01 11:34:54 ET Summary Rivian's stock has plummeted over 80% from its highest valuation of $100 billion to about $11 billion due to supply chain issues and slowing EV demand. Limited top-line growth due to paused factory construction and production constraints may hinder r...

2024-07-01 08:45:00 ET The electric vehicle (EV) industry has not been particularly kind to investors, especially those who bet on Rivian Automotive (NASDAQ: RIVN) . Its shares have lost around 90% of their value since going public three years ago amid rising competition a...

2024-07-01 05:10:00 ET Owning Rivian (NASDAQ: RIVN) stock is not for the faint of heart, even after a recent $5 billion cash infusion from Volkswagen (OTC: VWAGY) . But if you are a more aggressive investor, that cash lifeline could be exactly what Rivian needs to create a p...

2024-06-30 09:48:08 ET Summary Canoo has a solid product strategy, focusing on a flexible vehicle platform and the underserved niche of light commercial vehicles. The company relies heavily on shareholder dilution for liquidity, raising over $400 million since its IPO. Canoo has a...

2024-06-30 09:30:00 ET Share prices of Rivian (NASDAQ: RIVN) surged higher after the maker of electric vehicles (EV) received a sizeable investment from German automaker Volkswagen (OTC: VWAGY) . Despite the recent price gains, the stock is still down nearly 43% in 2024. ...

2024-06-30 08:30:00 ET Summary Nvidia stock led the Magnificent Seven, delivering over 150% in total return YTD. Most of the Mag Seven outperformed the S&P 500 in the first half. Generative AI is also expected to strengthen the competitiveness of the biggest tech companies...

2024-06-29 11:03:08 ET The stock indexes were mixed this week, as investors and traders assessed a string of economic data, with U.S. GDP growth revised up slightly to 1.4% in the U.S. Department of Commerce's final Q1 estimate.... Read the full article on Seeking Alpha For furt...

2024-06-29 03:55:00 ET One possible reason for the slowdown in electric vehicle (EV) sales growth in 2024 is a lineup of options that has been growing stale. Industry leader Tesla recently launched its unique Cybertruck, but it hasn't made any major upgrades or design changes to the top...

2024-06-28 17:44:50 ET Summary Rivian Automotive, Inc. stock surged after Volkswagen's investment, settling around $14, above moving averages. The Volkswagen deal validates Rivian, reduces risks, and aids in production expansion and distribution. Investor day highlighted cost ...