Rivian has shifted its production strategy to save money and unveiled its next two vehicle offerings.Share prices of electric vehicle (EV) maker Rivian Automotive (RIVN -0.30%) have been on the decline since it reported first-quarter production and delivery numbers earlier this week. But analysts at Cantor Fitzgerald think this presents investors with a new opportunity.The firm maintained the equivalent of a buy rating on Rivian shares this week with a price target of $23. That would represent a massive 128 ...

Despite making considerable progress, Rivian's profitability challenges amid a competitive EV market make it a risky investment.The electric vehicle (EV) market is a crowded one. Investors are presented with a slew of options that hold the potential to generate serious returns as the adoption of EVs continues to grow.One of those companies that has captured investor attention is Rivian Automotive (RIVN -3.89%). With its sleek lineup of SUVs and trucks catering to outdoor enthusiasts looking to ditch the fue ...

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Rivian has laid out a huge goal for itself in 2024, and it has a lot to achieve before it gets there.Rivian (RIVN 0.28%) doubled production in 2023, which is a pretty impressive feat. But 2024 won't see a repeat of that success, because the electric vehicle (EV) maker has put production growth on the back burner.Instead, management is focusing on making money. That's an important change, and the fourth quarter is going to be a key test of its success or failure on this front. Here's what you need to know.Ri ...

Rivian (NASDAQ:RIVN) stock closed in the red yesterday after the electric vehicle (EV) company reported its production and deliveries for the first quarter. Rivian produced 13,980 vehicles, falling short of the Visible Alpha estimate of 14,250 vehicles by about 2%. Deliveries tallied in at 13,588 vehicles, beating the analyst estimate for 13,000 vehicles. The company has guided for full-year production of 57,000 vehicles compared to actual production of 57,232 vehicles in 2023. Rivian has also confirmed tha ...

Shares of Rivian (NASDAQ:RIVN) stock are falling by over 5% today after the pure-play electric vehicle (EV) company announced its first-quarter production and deliveries.During the quarter, Rivian produced 13,980 vehicles and delivered 13,588 of them. Production came below the Visible Alpha estimate of 14,250 vehicles by about 2%. On the bright side, analysts polled by FactSet were expecting 13,000 deliveries, meaning that Rivian beat the estimate by 4.5%. Rivian delivered 13,972 vehicles during Q4.The comp ...

Rivian has a challenging year ahead — and the first quarter is off to a tepid start.The EV startup announced Tuesday that it built 13,980 vehicles and delivered 13,588 of them in the first quarter of 2024. Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and shipped 13,972.Rivian did signal that it plans to make roughly the same number of EVs as it did in 2023. So, if the company can keep apace of 2023 numbers it should meet  targets. Things won’t get easier from here. R ...

Electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN) entered the market full of hope and anticipation. Fundamentally, the company benefited from a gorgeous baseline chassis from which Rivian made an EV pickup truck and SUV. These served as a wonderful contrast to Tesla (NASDAQ:TSLA) and its increasingly dull and predictable aesthetics. However, that hasn’t been enough to exempt Rivian stock from broader EV sector woes.First and foremost, even the best EV companies are struggling lately. Notabl ...

Electric car stocks took a beating on March 14 after reports surfaced that Fisker may be closer to preparing for bankruptcy. The news came less than a week after Rivian Automotive (RIVN -0.36%) unveiled its next-generation R2 electric vehicle (EV), as well as its R3 and R3X.The sell-off has intensified since then. As of market close on March 22, Tesla, Lucid Group, Nio, and Rivian were all down between 31% and 54% year to date.Fisker's financial woes are a painful reminder that an EV company's success ultim ...

In some ways, Rivian (RIVN -3.31%) is a smashing success. In others, it is still a risky work in progress. This year, the automaker is embarking on a major cost-cutting initiative that will actually take precedence over expanding its production. That's an interesting downshift for the company, but one that makes total sense if you take a second to examine its financial performance.Rivian has done great thingsIt is not easy building a manufacturing company from scratch. It's not cheap, either. Rivian had to ...