Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions
The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions.
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 8.5% in the afternoon session after auto companies with significant manufacturing local presence became more favored after US President Donald Trump announced a 25% tariff on all vehicles imported into the United States. Rivian manufactures its cars in the United States. While this does not necessarily mean the company sources all its components and raw materials domestically, the stock's positive reaction indicates that investors view the company as better positioned to adapt to the new tariffs compared to its competitors.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stock markets experienced a downturn on Wednesday, with all major indices showing losses by midday. Renewed concerns over tariffs have unsettled investors, as President Donald Trump signaled potential new trade duties on automobiles.
Rivian spins off its micromobility business into Also, Inc., securing $105M in investment and boosting its stock while focusing on electrified transportation.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Tesla (NASDAQ:TSLA) and its peers.
To accommodate R2 production, Rivian is constructing a new 1.1 million square-foot building for body shop and general assembly operations, along with additional structures for paint, battery, and material flow.
Gordon Johnson, an analyst at GLJ Research, challenged the popular "don't bet against Elon Musk" investment thesis Sunday, pointing out that Tesla Inc. shares have underperformed the broader market significantly since 2022.
The brokerage raised GM’s price target to $48 from $45 while keeping a ‘Neutral’ rating, noting that the carmaker has established itself as the best Detroit-based automaker.
Rivian will soon have at least one police vehicle on the streets in the United States. A mayor's endorsement and sales pitch could help land more deals.
Piper Sandler, on Thursday, downgraded Rivian to ‘Neutral’ from ‘Overweight’ while reducing its price target to $13 from $19 after struggling to identify upside catalysts for the shares this year.
