Rivian Automotive (RIVN 0.27%) received several downgrades from analysts in the wake of its fourth-quarter earnings report released on Feb. 21. Revenue more than doubled last year, but rising interest rates are starting to take a toll on electric vehicle (EV) demand. Management expects production in 2024 to be flat year over year at 57,000 units.Morgan Stanley cut its price target on the stock to $14 from $24. The new price target is 26% higher than Rivian's current share price. Despite the negative sentime ...

Loading...Loading...Electric vehicle company Rivian Automotive RIVN recently reported fourth-quarter financial results.The results included a look back at key 2023 production and delivery milestones as well as guidance that the company will produce 57,000 vehicles in 2024. Here's a look at how leasing could impact the company's growth.What Happened: Rivian started offering leasing for its R1S SUV in January, which could be a major catalyst for the company.Citing data from a new Experian financing report, El ...

As the great Warren Buffett once said, it's wise "to be fearful when others are greedy and to be greedy only when others are fearful."There are certainly reasons to be fearful as an investor in the electric vehicle (EV) industry right now, with high interest rates, a lack of affordable EV options, charging infrastructure challenges, and a slowdown in demand.But despite those headwinds, here are two reasons long-term investors can still believe in Rivian (RIVN 0.18%).Gearing upWhile there's a lot of investor ...

Attracting Tesla (TSLA -0.08%)-level hype during its initial public offering (IPO), Rivian (RIVN 0.18%) entered the electric vehicle (EV) market with hopes of rising to the upper echelons of the industry. But since its public debut, Rivian has fallen on tough times.With mounting expenses and an inability to turn a profit, Rivian's path to a growth story like Tesla's is becoming less likely by the day. When accounting for market trends, such as weakening sales projections in 2024 and ever-increasing competit ...

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. ...

Rivian Automotive (RIVN 1.44%) has more of its vehicles on the road than ever before. If you live in one of the cities where Rivian's electric delivery vans are operating, the company looks like it's thriving. But Rivian is yet another example of why a company's perceived popularity and its stock price are different.Rivian has lost half of its value so far in 2024. Last week was particularly brutal, as Rivian's fourth-quarter and full-year 2023 earnings release unleashed a rampage of selling, with the stock ...

Rivian Automotive (RIVN 0.99%) stock is getting caught up in fallout from another company's electric vehicle (EV) announcement yesterday. Rivian shares sank more than 5% in early trading Wednesday.That's because tech titan Apple said it was ending a decade-long project to develop its own electric car. Some investors saw that as one more sign that EV demand is never going to be as strong as some initially thought. But Rivian shares recovered from today's early drop, and there's a good reason for that, too. A ...

Investors in Rivian Automotive (RIVN 4.11%) suffered staggering losses last week after the maker of electric trucks, vans, and SUVs reported mixed earnings Wednesday. The news wasn't all bad. For one thing, Rivian reported sales ahead of analyst targets at $1.32 billion, and its earnings weren't much worse than expected at $1.36 per share. However, management told investors that Rivian will only produce 57,000 electric vehicles in 2024 -- about as many as it produced in 2023. Investors who thought they were ...

After its stock collapsed 38% in a single week to an all-time low, investors are rightly concerned about the future prospects of pure-play electric vehicle (EV) maker Rivian Automotive (RIVN 4.11%). The stock is now down 57% year to date. And yet, Rivian is still a large company, with a market cap of $9.4 billion.The company's profitability is the most significant catalyst for Rivian rebounding or falling further. Rivian continues to spend billions of dollars annually, rapidly shrinking its cash position.Ho ...

When it comes to laying out the case for electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN), CFRA analyst Garrett Nelson probably said it best. “They’re announcing layoffs and cutting costs, that’s not something a growth company is supposed to do. It sets the stage for a tough year.” Unfortunately, optimistic thinking can only go so far for RIVN stock.According to The Wall Street Journal, Rivian shares hit an all-time low last week, one day after announcing a disappointing production outlook for ...