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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These two EV stocks have plenty of growth ahead.Want to add massive long-term growth potential to your portfolio? Check out electric car stocks.Many EV makers have seen their sales skyrocket in recent years. Yet their stock prices haven't always followed suit, creating several compelling buying opportunities over the years. This month looks like an especially great time to jump in.If you want to buy into the world's adoption of EVs -- a story that is truly a multi-decade growth opportunity -- then these two ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of RIVN either through stock ownership, options, or other derivatives. I wrote this ...

I think Rivian (NASDAQ: RIVN ) is misunderstood, but recognize this is a high-risk investment. Specifically, Rivian lost $2.859 billion from operations in 1H 2024. The firm only has $7.867 billion in cash andI'm currently looking for an analyst position. If you like my articles, please shoot me a DM on here or add me on LinkedIn.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hou ...

Rivian is expected to report earnings before Nov. 5. Here's why now is the time to buy.Since going public in 2021, Rivian Automotive (RIVN 2.34%) has seen its sales zoom from the millions to the billions. Today, the company is generating more than $5 billion in annual sales. Yet over the same time period, the company's market capitalization has tanked from above $100 billon to just $10 billion. So far, patient investors have been burned.But there's reason to believe that much better days may be ahead, espec ...