Many themes have been present in the market over the last several years, keeping investors busy and trying to find the next ‘big thing.’ In particular, the dominant story over the previous year has been the AI frenzy, causing many related stocks to see outsized moves.But recently, the EV theme has regained some life, with stocks such as Tesla (TSLA) and Rivian Automotive (RIVN) enjoying strong price action following solid delivery numbers.Let’s take a closer look at what’s been driving the share outperforma ...

Key TakeawaysRivian shares jumped Tuesday after the electric vehicle maker reported positive second-quarter production and delivery figures.Rivian's numbers surpassed analysts' expectations, and the company also affirmed its production goals for the full fiscal year.Tesla's production and delivery numbers also beat expectations Tuesday morning, as did some of the U.S. EV companies' Chinese competitors that have reported figures recently. Shares of Rivian (RIVN) rose Tuesday after the electric vehicle (EV) m ...

Shares of Rivian (NASDAQ:RIVN) stock are in the green by 7.5% after the electric vehicle (EV) company announced its second-quarter production and deliveries.Rivian produced 9,612 vehicles compared to 13,992 vehicles a year ago, signaling a drop of 31.3%. On the bright side, the company reaffirmed its 2024 production guidance for 57,000 vehicles. Production for 2023 totaled 57,232 vehicles.Rivian delivered 13,790 vehicles, up by 9.1% compared to 12,640 vehicles year-over-year. Analysts were expecting 12,000 ...

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rivian Automotive, Inc. ("Rivian " or the "Company") (NASDAQ: RIVN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rivian investors who were adversely affected by alleged securities fraud between August 12, 2022 and February 21, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/rivian-automotive-i ...

Investors were happy to see Rivian's vehicle production and deliveries outpace the company's estimates.Share prices of the electric automaker Rivian Automotive (RIVN 4.60%) were rising Tuesday after the company released second-quarter delivery numbers that were better than expected. The good news comes on the heels of a new joint venture with Volkswagen that's worth up to $5 billion for Rivian.Rivian's stock price was up by as much as 6.5% Tuesday and was trading 4.2% higher as of noon EDT.Deliveries topped ...

Electric vehicle (EV) maker Rivian (NASDAQ:RIVN) had its price target raised by RBC Capital following its deal with Volkswagen (OTCMKTS:VWAGY).The German auto giant formed a joint venture with the American company that could be worth $5 billion. Volkswagen is putting $1 billion of cash into Rivian and forming a joint venture around its technology both companies will draw from.The deal initially sent RIVN stock up 25%, but it has since fallen back. It opened today at $14.26 per share, with a market capitaliz ...

U.S. electric vehicle (EV) maker Rivian Automotive (RIVN) hogged the limelight last week with two major developments. First, it announced a massive deal with Germany-based auto giant Volkswagen (VWAGY) . Second, it held its 2024 Investor Day, focusing on its plans for cost-cutting and production efficiency.Shares of Rivian got an immediate boost from a capital injection decision by Volkswagen, with shares rallying 23% the following day. By the end of the week, the stock erased some of the gains as investors ...

The EV stock posted big gains after bullish coverage from analysts.Rivian (RIVN 3.73%) stock stepped on the bullish pedal Monday. The electric vehicle (EV) specialist's share price ended the day's trading up 3.9%, according to data from S&P Global Market Intelligence.With its share price down roughly 41% year to date, Rivian stock has struggled across the first half of 2024. But some analysts think that the sell-off has become overblown. Analysts at both RBC Capital and Canaccord raised their price targets ...

Rivian (NASDAQ:RIVN) enjoyed some excellent momentum last week, and things don’t seem to be slowing down. After Volkswagen (OTCMKTS:VWAGY) announced plans to make a significant investment in the electric vehicle (EV) producer, RIVN stock surged almost instantly.Wall Street sentiment towards the company also rose as analysts began to issue bullish takes on the stock. Now, even more experts are expressing optimism that this growth trend will continue as RIVN stock continues trending upward. And one analyst re ...

Rivian just got the lifeline it needed from a major automaker, changing the equation for this high-risk EV stock.Owning Rivian (RIVN -7.26%) stock is not for the faint of heart, even after a recent $5 billion cash infusion from Volkswagen (VWAGY -0.42%). But if you are a more aggressive investor, that cash lifeline could be exactly what Rivian needs to create a profitable business.The future for this stock looks far brighter now than it did before the Volkswagen agreement -- and it still trades for well bel ...