VW’s new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal architecture being developed by the joint venture between Rivian and the Volkswagen Group.Rivian Chief Software Officer Wassym Bensaid confirmed to TechCrunch at Disrupt 2024 that Scout will leverage the joint venture tech when its vehicles go into production in 2027. VW and Rivian are still working to close the $5 billion deal, which they expect to happen before the end of this year. ...

An investment firm is taking a more cautious stance on sales expectations for Rivian this year.Rivian Automotive (RIVN -4.01%) stock is slipping in Tuesday's trading. The electric vehicle (EV) company's share price was down 4.6% as of 2:30 p.m. ET.D.A. Davidson published a note today lowering its sales forecast for Rivian, according to reporting from the blog EV. On the other hand, D.A. Davidson maintained its rating and price target for Rivian stock.Rivian stock falls after a sales target cut from an inves ...

Rivian's path forward isn't as bright as it might appear. Shares of Rivian (RIVN 0.19%) have dropped 55% this year as the company continues to disappoint investors looking for an inflection in the business. The latest was a reduction in full-year production, from an expected 57,000 vehicles to a new range of 47,000 to 49,000 vehicles. This continues a multi-year run of disappointing production results from the electric vehicle (EV) maker. But is this the time to jump on Rivian, with the stock down? It may b ...

Rivian might have exited 2023 with a ton of momentum, but that's fizzled throughout 2024 -- here's why investors shouldn't give up on the young EV maker.Rivian's (RIVN 0.19%) limited history is filled with ups and downs, pleasant surprises and sudden disappointments. Some investors think it's a young electric vehicle (EV) company that has separated itself from other start-up EV automakers, with unlimited potential as the world transitions to EVs. Other investors see a money-burning machine facing intense co ...

Positive and negative PR events cancel out, leaving investors still worried about Rivian's key concern: cash burn.Rivian Automotive (RIVN 2.70%) stock ran up 6.4% through 10 a.m. ET this morning before giving back most of its gains. As of 11 a.m. the stock's still up -- but only 1.9%. So why did Rivian pop and why did it then drop?Well, the good news is that Rivian is partnering with renewable energy company Sol Systems and apparel company Patagonia to build a 50 MW "Lick Creek Solar project" in Stokes Coun ...

This EV stock might become the next Tesla.Tesla has proven to be one of the best investments of the past 10 years. Over that time period, sales by the ground-breaking electric vehicle (EV) maker have soared nearly 2,900% even as its stock price has vaulted by nearly 1,400% -- substantially enriching its early investors. But the electric vehicle industry remains in its infancy, and so it pays to seek out current opportunities. For those looking to invest in the next Tesla, there's one up-and-coming electric ...

The EV maker's stock has fallen to nearly 90% below its IPO price.Rivian Automotive (RIVN -0.79%) attracted a stampede of bulls with its IPO on Nov. 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and its stock opened at $106.75 before touching a record high of $172.01 just a week later.At that peak, Rivian's market cap hit $153 billion, which was 92 times higher than the revenue it would generate in 2022. It briefly made the tiny EV maker more valuable than Ford or General Motors. Ri ...

Rivian has all the characteristics of becoming the next Tesla.Tesla, the iconic electric vehicle maker headed by its boisterous CEO Elon Musk, has sold millions of cars and trucks since its founding more than 20 years ago. Over the last decade alone, Tesla's share price has appreciated by more than 1,300%, giving the company a market capitalization of roughly $700 billion. While Tesla remains a fine investment today, investors looking for the biggest growth opportunities should be working to identify the ne ...

Rivian Automotive (NASDAQ: RIVN) has faced a turbulent 2024, with supply chain issues, production shortfalls, and broader EV market struggles weighing heavily on its stock.After slashing its annual production forecast and missing key delivery targets, investors are left wondering where Rivian’s stock could be heading as the year comes to a close.Rivian one-day stock price. Source: Google FinanceCurrently, the stock has dropped by 56% year-to-date and is trading at $10.18. The company’s recent challenges, co ...

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