Rivian is getting exactly what it needs from a new joint venture -- and investors took notice.Shares of the electric vehicle (EV) maker Rivian Automotive (RIVN -2.68%) accelerated this week after the company announced a new joint venture with Volkswagen, which gives Rivian an initial $1 billion in cash. That was the main headline for Rivian this week, but the company's stock also benefited from an analyst initiating coverage of Rivian's stock and slapping a buy rating on it.The combined news put Rivian's st ...

In this articleRIVN2025 Rivian R1SRivianA Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn't enough to build upon the company's significant share growth this week. Shares of the all-electric vehicle startup were down by roughly 2% to 6% for much of the event, eating into some of its 23.2% gain in shares Wednesday that came after it announced plans for an up to $5 billion investment by Volkswagen Group. Shares of ...

After Rivian (NASDAQ: RIVN) experienced a major surge in price, it seems that the rough patch in the electric vehicle (EV) sector is now over, and other EV stocks are following its example, including those of Shanghai-based automaker Nio Inc. (NYSE: NIO).Indeed, thanks to its recent advance that has seen its price grow by 8.07% across the past week (most of it in the last 24 hours), Nio, which has been among the weaker performers across the stock market this year, has managed to reduce its price decline in ...

Rivian Automotive (NASDAQ:RIVN) announced on Monday that it will host its Investor Day this Thursday, June 27. The event will offer investors the chance to hear directly from leadership about Rivian’s growth this year and priorities heading into the second half of 2024.What does this mean for RIVN stock?Well, maybe not too much directly. That hasn’t stopped shares, however. Indeed, RIVN is up 23% today, up on news that Volkswagen (OTCMKTS:VWAGY) will invest as much as $5 billion in Rivian for next-generatio ...

Rivian stock soared as it announced a big investment at a crucial time.Rivian Automotive (RIVN 20.53%) received some surprising but welcome news last night. Even after the stock jumped by 8% yesterday, it soared by as much as another 37% Wednesday morning. A new investment and partnership has the stock flying.While the stock pared some of this morning's gains, it remained higher by 22.7% as of 12:45 p.m. ET. That's because of the announcement that Volkswagen is investing up to $5 billion in Rivian over the ...

Investors are excited about Rivian's joint venture with VW.Shares of Rivian Automotive (RIVN 20.09%) skyrocketed today after the company announced a new joint venture with Volkswagen AG for vehicle software, which includes a $1 billion investment in Rivian by the German automaker, with plans to invest up to $5 billion.The injection of cash into Rivian comes as the company is cutting costs and carving out its niche in the nascent electric vehicle (EV) market. Investors were thrilled with the news of the join ...

Today’s session has been excellent so far for Rivian (NASDAQ:RIVN) stock. Known for making electric trucks and SUVs, Rivian recently added an important name to its investor list. Yesterday, Volkswagen (OTCMKTS:VWAGY) announced that it will be investing up to $5 billion in the company. RIVN stock has been surging since the news broke.After a difficult past two quarters and a highly volatile year, Rivian certainly needed a growth-driving catalyst. Now that it has one, this electric vehicle (EV) producer seems ...

Rivian Automotive, Inc. (RIVN) and Volkswagen AG (VWAGY) have announced a plan to create an equally owned and controlled joint venture (JV) focused on developing next-generation electrical architecture and advanced software technology.This partnership aims to accelerate software development for both companies by leveraging their complementary strengths, reducing per-vehicle costs through increased scale and driving global innovation. Rivian’s existing zonal hardware design and integrated technology platform ...

Though Rivian (NASDAQ: RIVN) had been on a steady decline along with much of the electric vehicle (EV) industry since the start of 2024, the EV maker received a massive boost late on June 25 – one which saw the stock rocket as much as 50% in the pre-market on June 26.The major rally was driven by the news that the German automaker Volkswagen (ETR: VOW3) is making a $5 billion investment in RIVN focused on helping the former with its software challenges and the latter in the development of a lower-cost elect ...

Rivian Automotive (RIVN) shares ended the last trading session 8.6% higher at $11.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.5% gain over the past four weeks.Rivian's stock saw a sharp rise yesterday following Volkswagen's commitment to invest up to $5 billion in the electric carmaker backed by Amazon. Initially, Volkswagen will inject $1 billion into a new joint venture with Rivian, focusing on shared e ...