Rivian (NASDAQ:RIVN) stock had a strong Q1 2024, producing 13,980 vehicles and delivering 13,588, reaffirming its goal to produce 57,000 cars this year. ‘Despite the fact that RIVN stock had a 48% drop in 2024 because of recent losses, Rivian aims to improve cost management and production efficiency, with $7.86 billion in cash to fund expansion. Despite short-term concerns, Rivian Automotive has gained significant support from the local government. Rivian announced an $827 million incentive package from the ...

The EV market has an enormous potential to grow due to increased demand for more low-emission vehicles. In the first quarter of 2024, 268,909 new electric vehicles were purchased by Americans. By 2030, we are expected to see over 125 million EVs on the road globally, which is a drastic increase from 26 million last year. While the competition is increasing in the market, the continuously rising demand for EVs still leaves EV companies with high growth potential. Below are the three EV stocks to buy this mon ...

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rivian Automotive, Inc. (NASDAQ: RIVN).Shareholders who purchased shares of RIVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=80727&from=4CLASS PERIOD: March 1 ...

Registration data showed a surprise truck overtaking Rivian's R1T.Despite the doom and gloom surrounding the electric-vehicle (EV) industry lately, Rivian (RIVN -2.10%) investors have found some glimmers of positive news to digest. Unfortunately, that wasn't the case recently with registration data from S&P Global Mobility, which showed a sharp decline in vehicle registrations and some of Rivian's closest competitors surging.By the numbersRivian carved out a niche in the EV market by beating rivals to the E ...

Rivian Automotive (RIVN) is looking to challenge Tesla (TSLA), Ford (F) and General Motors (GM) with its adventure-styled electric vehicles. RIVN shares surged 40% in December 2023 but have come back to earth to begin 2024, falling more than 50%.X Rivian reported reported a worse-than-expected loss in the first-quarter late on May 7 as the company lost $38,784 per vehicle delivered. Meanwhile, speculation has run rampant that Apple (AAPL) is looking to partner with the EV startup.Rivian announced a loss of ...

Rivian (NASDAQ:RIVN) stock is down by about 50% so far this year as the electric vehicle (EV) company deals with price wars, a preference of hybrids over EVs and high interest rates. Now, with the first-quarter 13F deadline past us, retail investors are able to gauge how institutional investors feel about these issues.Rivian disappointed investors after guiding for the production of 57,000 vehicles in 2024. That represents a slight decline from 2023 when the company produced 57,232 vehicles. Revenue was a b ...

We've all heard the bad news surrounding the EV industry, but here are three things Rivian has in its favor right now.At a time when a couple of start-up electric vehicle (EV) makers are in bankruptcy restructurings, others such as Fisker are nearing a similar fate, high interest rates are hindering consumers, and the high-end EV market is saturated; there's plenty of bad news for investors to digest. With that said, let's dig into a few things Rivian (RIVN 3.65%) has going for it.Retooling successInvestors ...

This EV stock has traveled a long road down over the past two years.Shortly after Rivian Automotive (RIVN 3.65%) raced onto the scene with its initial public offering (IPO), investors rushed to hitch a ride with the upstart electric vehicle (EV) maker. With plans to offer an electric pickup truck, Rivian captured the hearts of investors, who recognized the stock as a great growth opportunity, and Rivian shares, subsequently, soared.But it wasn't long before they hit some bumps in the road. For investors who ...

Sundry PhotographyInvestment Thesis In the last year, Rivian Automotive's (NASDAQ:RIVN) stock has fallen roughly 22%. While the market is bearish, I have maintained a bullish stance since last year. Despite the drop in their stock price, I believe the company executed well in the first quarter of 2024. In this first quarter, Rivian produced 13,980 vehicles and delivered 13,588 units from their plant in Normal, Illinois, with total production and delivery in line with their expectations. While these resu ...

hapabapa Rivian Automotive Inc. (NASDAQ:RIVN) released its quarterly earnings on May 7, 2024 and reported a wider-than-anticipated loss for 1Q24 amid an underwhelming production ramp. The electric-vehicle maker lost $1.45 billion in 1Q24 amid high production expenses; however, Rivian Automotive did succeed in growing its sales which were up 82.1% YoY. Taking into account Rivian Automotive’s high cash burn and ongoing losses, I think that investors will likely see more dilution in the coming quarters. Ri ...