Rivian needs a massive transformation to eclipse Tesla, but stranger things have happened.Since its initial public offering (IPO), Rivian (RIVN 6.10%) has become one of the most prominent names in the electric vehicle industry (EV). With its sleek lineup of electric pickups and SUVs, many investors likely hoped that Rivian would follow a similar trajectory to the champion of EVs, Tesla (TSLA -1.11%).Although both stocks are currently struggling amid a waning EV market in the U.S., Rivian's stock has done no ...

Electric vehicle manufacturer Rivian (NASDAQ:RIVN) enjoyed a much-needed positive session on Tuesday, with shares swinging up almost 3.5% in late afternoon trading. Nevertheless, a legal overhang clouds the recovery narrative for RIVN stock, which has been battered this year. In particular, anxieties over high borrowing costs threaten to derail any contrarian optimism.According to information provided by Stanford Law School, a class-action lawsuit alleges that Rivian made materially false and misleading sta ...

So far this month, Rivian Automotive (NASDAQ:RIVN) shares have continued to hit new all-time lows. However, I’ll admit that a move to higher prices may be in the immediate future for Rivian stock.Mostly, because the ingredients are in place for shares in this fledgling EV upstart to experience a short-squeeze. Yet while the possibility of a short squeeze could serve as a warning to anyone looking to join the crowded short side by making a bearish RIVN wager, it’s not exactly a sign that now’s the time to “b ...

Upstart electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) finally gave stakeholders something to cheer about with its exclusive global partnership with MEVCO, which stands for Mining Electric Vehicle Company. Under the deal, Rivian will provide EVs to the mining, mining services and mining equipment industries. While a compelling opportunity, RIVN stock faces a cloud of skepticism amid the underlying sector’s demand fallout.Mevco — which specializes in providing sustainable and efficient EV fleets to ...

Last week’s winning streak seems to be continuing for Rivian Automotive (NASDAQ:RIVN), even in the face of shifting Wall Street sentiment. Last week ended with a downgrade from Barclays, and now JPMorgan is following suit. The financial sector giant has reduced its RIVN stock price target from $11 to $10 per share. While this is not a massive downgrade and still leaves the investment bank with a bullish price target, trading proved volatile for Rivian as markets opened today. But the electric vehicle (EV) p ...

IRVINE, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- MEVCO (Mining Electric Vehicle Company) has entered an exclusive global partnership with Rivian Automotive, Inc. (NASDAQ:RIVN) to provide EVs to the mining, mining services and mining equipment industries. MEVCO specializes in providing sustainable and efficient electric vehicle fleets solutions to the mining industry. This collaboration signals a new standard for responsible and forward-thinking mining practices, and is a catalyst for positive change in th ...

Rivian is trying to reach profitability during a challenging time in the EV industry.Rivian Automotive (RIVN -2.27%) hit an all-time intraday low of just $8.26 per share on April 16, following an 8% slide on April 15. Many electric vehicle (EV) stocks sold off heavily in response to news that Tesla (TSLA -1.92%) was cutting 10% of its workforce. Rivian followed suit later last week with its second job cut of the year, though it was a much smaller 1% reduction.With sentiment toward EV stocks declining seemin ...

Could a turnaround in the stock be near?It's been a difficult few years for the stock of Rivian Automotive (RIVN -2.27%), which has gone from hitting over $179 soon after it debuted in November 2021 to under $10 today.Rivian's problems and why the EV stock is downRivian has been making progress selling vehicles, as it more than doubled production and deliveries in 2023. However, the electric vehicle (EV) maker has been selling the vehicles at a loss, as demonstrated by its negative $2 billion in gross profi ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Many investors are well aware that there’s a very bearish environment building for most EV stocks in the market right now. Rivian (NASDAQ:RIVN) has certainly participated in this year’s decline, with RIVN stock dropping nearly 60% since the start of the year, outpacing most of its larger-cap peers.Today, RIVN stock is seeing even more downside, dropping another 2% on news of a key analyst price target cut. Barclays cut its price target on Rivian from $12 to $10 per share, citing a range of competitive press ...