Rivian Automotive (RIVN 6.26%) failed to impress investors hoping to hear about a surge in production and sales for the EV maker in 2024. In fact, Rivian told investors in its recent fourth-quarter and full-year report that it doesn't expect any growth at all in 2024.That led UBS analyst Joseph Spak to double downgrade the stock from buy to sell last Friday. Spak also slashed his firm's price target from $24 to a Wall Street-low $8 per share. That would represent a 66% drop in the target price and a more th ...

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. ...

It hasn’t been a pleasant year for electric vehicle (EV) companies, and Rivian (NASDAQ:RIVN) is no exception. RIVN stock is down by nearly 50% this year in the midst of declining demand and price wars among competitors. Rivian reported its earnings last week, revealing that it would lay off about 10% of its staff. The company also guided for the production of 57,000 vehicles in 2024. That’s significantly lower than the analyst estimate for 81,700 vehicles. Rivian produced 57,232 vehicles in 2023, meaning th ...

Shares of Rivian Automotive (RIVN 7.20%), the company that aims to become the Tesla of electric trucks, were trading 7.7% higher as of 12:15 p.m. ET Monday, responding both to positive news from a peer EV company, and (sort of) positive news from Wall Street.On Monday morning, China's Li Auto (LI 15.36%) released a powerful Q4 earnings report that featured better-than-expected deliveries, sales, earnings, and free cash flow, as it nearly tripled its output of electric cars in China. Rivian and other EV stoc ...

Rivian Automotive (RIVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this a manufacturer of motor vehicles and passenger cars have returned -34.1% over the past month versus the Zacks S&P 500 composite's +4.7% change. The Zacks Automotive - Domestic industry, to which Rivian Automotive belongs, has lost 5.5% over this period. Now the key question is: ...

Earnings season is still underway, and companies like Rivian (NASDAQ:RIVN) may not be getting the attention they deserve. Indeed, following the incredible results put forward by tech giants such as Nvidia (NASDAQ:NVDA), the bar has clearly been raised across the board. In the EV sector, investors want to see outsized growth, with each earnings report not only scrutinzed for past results but for future potential. This RIVN stock analysis will shed light on the company’s potential.On this basis, Rivian’s rece ...

Tesla (TSLA -2.76%) was the electric vehicle (EV) manufacturer that did the unthinkable -- it broke the chokehold the big incumbents had on the automotive sector. After Tesla came a slew of electric vehicle upstarts that wanted to ride its coattails. One of those companies is Rivian (RIVN -12.05%).The problem is that not every electric vehicle maker can be the next Tesla. Here are three things to consider if you're thinking about buying shares of Rivian today.1. The EV market is saturatedTesla is the 800-po ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-41042 Rivian Automotive, Inc. (Exact name of registrant as specified in its charter) Delaware 14600 Myford Road Ir ...

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 -10.26%) stock is falling off a cliff -- it was trading 10% lower as of 10:30 a.m. ET Friday. The electric vehicle (EV) stock has now lost a whopping 33% in just two days and has fallen 55% already in 2024, as of this writing.Ouch.The markets believed Rivian would be able to turn things around in 2024 and ramp up production swiftly, but the EV maker just confirmed its struggles are far from over yet. Analysts are now slashing their price targets and investors dumping the stock, fast ...