ToplineElectric vehicle maker Rivian will indefinitely halt plans for a $5 billion production facility, the company announced in a corporate event on Thursday, as the company looks to cut costs following a major round of layoffs last month even as EV competition continues to heat up.Rivian unveiled two new EV models on Thursday, and halted plans for a second facility in Georgia.Getty Images Key FactsRivian founder and CEO R.J. Scaringe announced the project’s pause in a Securities and Exchange Commission fi ...

Shares of Rivian (RIVN 10.34%) were moving higher Thursday after the electric vehicle (EV) maker got an analyst upgrade from Jefferies Wednesday night and unveiled its new R2 electric SUV at a launch event Thursday afternoon and then, in a surprise, revealed two additional compact SUV models -- the slightly smaller R3 and a "performance" variant dubbed the R3X.As of 1:29 p.m. ET, Rivian stock was up 8.1% on the news. Rivian shows signs of lifeShares of the EV start-up hit an all-time low after its fourth-qu ...

LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Rivian today unveiled its new midsize platform which underpins R2 and R3 product lines. R2 is Rivian’s all-new midsize SUV delivering a combination of performance, capability and utility in a five-seat package optimized for big adventures and everyday use. The silhouette and face of R2 are distinctly Rivian. The powered rear glass fully drops into the liftgate for carrying all types of gear and enabling a unique open air driving experience. The interior is designed ...

Rivian CEO RJ Scaringe stands next to a R2 SUV at an unveiling event in Laguna Beach, California, U.S., March 7, 2024.Rivian Automotive surprised consumers and next new vehicle will be an all-electric midsize SUV called the R2 that's expected to start around $45,000 when it goes on sale in 2026.The vehicle, which Rivian revealed Thursday, will mark the EV startup's fourth product following a commercial delivery van and larger, more expensive R1S SUV and R1T pickup for consumers. The R1 vehicles start at rou ...

All eyes are on Rivian (NASDAQ:RIVN), as the electric vehicle (EV) company will unveil its new R2 SUV this afternoon. The R2 will be Rivian’s most affordable EV yet with an estimated price between $45,000 and $50,000. A source code leak from Rivian’s website showed a starting price between $47,000 and $47,500 with an estimated range of 330 miles. The leak also revealed a zero-to-60 mph time of less than three seconds and a powered rear window.Interested customers will have to be patient, as the R2 isn’t exp ...

Jefferies initiated bullish coverage on electric vehicle (EV) giant Rivian Automotive Inc (NASDAQ:RIVN) with a "buy" rating and a $16 price target -- a more than 45% upside to last night's close. Catalysts included the EV firm's similarities to competitor Tesla (TSLA), as well as the company's capital spending trajectory, which could address gaps in its business model. In response, RIVN is 4.9% higher before the opening bell, looking to open above the $11.50 level that has acted as pressure since a mid-Febr ...

Rivian Automotive (NASDAQ:RIVN) and other early-stage EV companies posted disastrous Q4 earnings. Last week, RIVN stock made quite the waves in the startup EV industry (for the wrong reasons), plunging to its lowest levels in a year. The EV stock bubble peaked in Q4 2021, just when Rivian went public, with Tesla’s (NASDAQ:TSLA) market cap surging past $1.2 trillion. This year is seeing automaker giants thrive as EV startups struggle. Tesla’s operating margins have been slashed by half, and Rivian faces its ...

Like many electric vehicle (EV) stocks, Rivian Automotive (RIVN 0.18%) has not had a great 2025. The stock is down over 53% year to date, which is worse than Tesla's (TSLA -3.93%) more than 24% decline.The sell-off accelerated after Rivian's fourth-quarter and full-year earnings report. Rivian has been cutting costs, but its capital expenditures are still high, it continues to lose money, and it expects flat production in 2024 compared to 2023. In other words, the growth narrative is gone, and that has some ...

Rivian (RIVN -3.88%) is unveiling the R2, its next-generation vehicle, this week, and a lot is riding on the launch. A $5 billion plant in Georgia will construct the vehicle and, if successful, could drive Rivian to profitability in the electric vehicle (EV) market.In this video, Travis Hoium shows why getting from here to there is much easier said than done and may require billions in new capital.*Stock prices used were end-of-day prices of March 3, 2024. The video was published on March 4, 2024. ...

Rivian Automotive (RIVN 0.27%) attracted a lot of attention when it went public in November 2021, but the electric vehicle (EV) maker's stock now trades nearly 90% below its IPO price. Rivian ran out of juice as it grappled with supply chain constraints, persistent losses, and the broader slowdown of the EV market. Rising interest rates also compressed its valuation and drove investors toward safer alternatives.So should investors buy, sell, or hold Rivian stock? Let's review its biggest near-term challenge ...