Considering the electric vehicle (EV) industry, it's a bad time to have a bad time. One simply needs to glance at Fisker to see that at a time with interest rates making big purchases less enticing, slowing EV demand, and a cash crunch to boot, interest in owning the stock has plunged.Despite Fisker's woes, as well as the broader industry's cautious growth, it isn't time to give up on Rivian (RIVN -3.31%) just yet. Here's why.More stabilityWhile Fisker and Rivian are both pure EV plays, their situation is f ...

Do you like to buy what others are selling? If so, then there’s a blood-in-the-streets moment with electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) for you to take advantage of. When you find out why some short-term traders panic-sold RIVN stock, you should be excited about this rare opportunity.It’s amazing, how the market can be so fickle sometimes. One day, stock traders like Rivian Automotive because the company announced its plans to introduce an affordable $45,000 electric SUV, the R2, in ...

Tesla (TSLA -1.62%) achieved something that was thought to be virtually impossible. It built an electric vehicle (EV) company (from the ground up!) and ultimately was able to take on the auto industry's largest competitors. Rivian Automotive (RIVN -1.67%) has similar dreams, but investors hoping that Rivian is the next Tesla need to watch closely to see if Rivian can start to mend this sizable problem in 2024.It isn't easy to build a car companyIf you wanted to build an online retailer you could pretty easi ...

Rivian (NASDAQ:RIVN) stock is down by 47% this year, although the electric vehicle (EV) company has a major card up its sleeve.Earlier this month, Rivian unveiled its R2 SUV and also shocked its shareholders by revealing two additional vehicles, the R3 and its performance variant, the R3X. As of March 8, the R2 had already received over 68,000 reservations. Reservations cost $100 for U.S. customers and $150 for Canadian customers, with an expected delivery date during the first half of 2026.The R2 resembles ...

A spate of bad news (namely, a poorly received quarterly earnings release) knocked Rivian Automotive (NASDAQ:RIVN) stock lower last month. This month the market reacted positively to two early March announcements. The news is temporarily boosting the stock, maintaining it at $10 to $12 per share.So, this means investors now can slowly buy in before the next rally, right? Not so fast. If you are of the view that RIVN has bottomed out, consider it best to think otherwise. Rivian’s low-teens price floor could ...

After a difficult week and an even worse month, Rivian (NASDAQ:RIVN) stock is riding high again on two positive updates.Last week brought the unveiling of the firm’s lower-cost R2 electric vehicle (EV) platform, which promises to help boost shares in the long term. However, that’s not why shares are up today. First off, recent data shows that Rivian enjoyed a positive start to the year in terms of registrations, despite RIVN stock struggling. Plus, the electric truck producer will now be able to offer drive ...

The tech sector is up 12% year-to-date and a remarkable 48% over the past 12 months, powering the broader markets. Particularly, the semiconductor industry is growing, with Nvidia (NASDAQ:NVDA) leading the charge; its stock is up around three-fourths this year. The best tech stocks are expected to maintain this momentum, according to Deloitte’s 2024 technology industry outlook. The three best tech stocks we will examine are those involved in the electric vehicle (EV) industry and the streaming sphere. In bo ...

The hype surrounding Rivian's (RIVN 3.27%) R2, R3, and R3X unveiling has overwhelmed investors recently. There's good reason for that. These more affordable electric vehicles (EVs) could unlock a wealth of demand from new customers, and could prove to be the company's defining moment on its way to profitability.One recent move by Rivian shouldn't be overlooked amid all the R2 hype: It's inked another electric van customer, and it's great news for investors.Pushing into commercialWhile investors may have bee ...

A storm has been brewing around the electric vehicle (EV) industry. The storm is a mix of high interest rates that make consumers hesitant to purchase vehicles, charging infrastructure challenges, a saturated high-price market for EVs, and a lack of affordable options.For Rivian (RIVN 3.27%) investors, the storm led to disappointing production guidance that would leave 2024 roughly flat compared to last year. However, that doesn't mean the company can't still thrive in 2024. Here's a look at some positive d ...

The electric vehicle (EV) revolution is happening in front of our eyes. The market is expected to grow by 27% globally in 2024 after putting up 29% growth in 2023 to 13.7 million units. EVs are growing much faster than the entire automotive market and gaining share versus gasoline engine vehicles. In China, EV penetration is expected to hit 40% this year. A decade ago, the EV market was almost nonexistent globally. Many companies are fighting to win the EV wars, from leaders like Tesla and BYD to legacy pla ...