Investors might see some EV gains in recent registration data, but the driving force behind those gains isn't great news.Despite the recent doom and gloom surrounding the electric vehicle (EV) industry, the vehicles continue to make slight gains. It's just that the growth never exploded higher as many analysts and investors had hoped or expected. However, the recent gains, while the broader industry declined, per registration data, came at a significant and unsustainable cost. Here are the details.Why regis ...

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Rivian To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities investing in Rivian stock or options between August 12, 2022 and February 21, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/RIVN.NEW YORK, July 19, 2024 / ...

Rivian Automotive (NASDAQ:RIVN) stock has doubled from its April lows and now sits where it was back in January. Shares are roaring ahead following its partnership with Volkswagen (OTCMKTS:VWAGY), which could see the German automaker invest as much as $5 billion in the electric SUV company. Wall Street is also upbeat on Rivian. TipRanks shows a bullish outlook and a consensus one-year price target of $17, suggesting the stock is fairly valued. Canaccord analyst George Gianarakis, however, raised his price t ...

Rivian (NASDAQ:RIVN) stock is just barely in the green today despite Wells Fargo increasing its price target by 80%. The bank raised the electric vehicle (EV) maker’s price target to $18 per share from $10 while maintaining its “equal weight” rating on the stock.The bank’s changing tune towards Rivian is seemingly the product of a slightly better projected EBITDA loss in its second quarter of $757 million. That’s compared to FactSet’s current consensus of an $859 million loss. This in itself is the result o ...

In 2024, Rivian Automotive (NASDAQ:RIVN) stock and many of its early-stage EV peers struggled, with some hitting record lows. Indeed, industry leader Tesla (NASDAQ:TSLA) has also lagged until recently. However, Tesla rebounded and is now performing well, while RIVN stock has more than doubled from its lows.This move has been driven by a key $5 billion strategic partnership with Volkswagen (OTCMKTS:VWAGY). Additionally, Rivian’s Q2 deliveries surpassed expectations, and the company reaffirmed its 2024 produc ...

In early 2024, Rivian lost the momentum it had built through 2023.Soaring 50% in 2023, Rivian (RIVN 2.51%) investors were surely excited after they cleaned up the New Year's Eve decorations and rang in 2024.But the past six months have largely been a letdown for the electric vehicle (EV) manufacturer's investors. Shares of Rivian plummeted 42.8% in the first six months of 2024, according to data provided by S&P Global Market Intelligence. The move is especially disheartening for Rivian investors in light of ...

Don't look now, but Rivian's 93% surge over the past three months could mark a time to buy.If you were lucky, or perhaps savvy, enough to invest in Rivian (RIVN -3.37%) three months ago, you'd be sitting on a healthy 93% gain. The company recently inked a potentially massive investment by Volkswagen, and topped forecasts for deliveries. Let's dive into these developments and see if the recent surge marks a solid time to buy into the electric vehicle (EV) maker.Show me the money!Rivian just landed a deal tha ...

Rivian (NASDAQ:RIVN) is down over 90% from its IPO price, but investors still seem to hold out hope for Rivian stock. This, even though the company has been consistently missing production goals. Its Georgia facility’s plans were delayed because of cash flow issues. These factors have led to a bearish long-term trend known by most investors.However, this is also a stock that’s seen a swift uptick of late because of a key catalyst I’ll get to in a minute. So, the question is whether RIVN stock may be a buy g ...

The EV market is recording increased deliveries and production, as the historically strong season for electric vehicle producers is currently in full swing, with a projected 250 million electric vehicles on the road by 2030.U.S.’s largest EV producer, Tesla (NASDAQ: TSLA) stock recorded a 32% gain in the previous month, but its rival Rivian (NASDAQ: RIVN) boasts an increase of 65.28% over the same period.These gains continued in the previous five trading sessions, with progress of 21.37%. The latest trading ...

Rivian Automotive (RIVN) shares soared 8.1% in the last trading session to close at $18.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.9% gain over the past four weeks.Shares of Rivian surged over 8% on Friday, marking the sixth consecutive day of gains, driven by the company's cost-reduction strategy and Volkswagen's capital injection decision. Volkswagen’s investment, along with Rivian's cash reserves, is expected to su ...