Q1 2024 Shareholder Letter © 2024 Rivian. All rights reserved. 2 During the first quarter of 2024, we unveiled our new midsize platform ("MSP") with R2, R3, and R3X and we're pleased with the reaction they received. Distinctly Rivian in terms of performance, capability, and usability, R2, R3, and R3X address the largest consumer segment of midsize SUV and crossover vehicles. We also announced that we will start R2 production in Normal which we expect to drive greater capital efficiency with over $2.25 billi ...

Rivian Automotive (NASDAQ:RIVN) is the next electric vehicle manufacturer to report quarterly results. While not for certain that Rivian stock surges once the latest numbers hit the street, a post-earnings rally isn’t out of the question.Peer Lucid Group (NASDAQ:LCID) may have tanked after its latest quarterly earnings release, but Rivian’s deliveries beat could in hindsight prove to the prelude to improved results and upbeat corporate updates and guidance.Yet while a positive reaction to this upcoming even ...

Will Apple save Rivian stock? (And what if it doesn't?)Rivian Automotive (RIVN -0.14%) stock soared more than 8% in early trading on the Nasdaq this morning. (Hurray!)Then its stock turned tail, gave back most of its gains, and as of 10:30 a.m. ET, it was up only 1.6%. (Boo!)Why did Rivian stock rise and then fall back again? The answer is just one word: Apple (AAPL 0.05%).Rivian and Apple: A match made in heaven? (Or perhaps Detroit?)So, here's the big news today about electric truck company Rivian and tec ...

Rivian Automotive (RIVN) reports first-quarter earnings and revenue after the market closes Tuesday, with analysts expecting another loss amid speculation that Apple (AAPL) is looking to partner with the EV startup. Rivian stock advanced early.X Analysts expect Rivian to report a loss of $1.15 per share in Q1, improved from a $1.25 loss a year ago, with sales growing 100% to $1.17 billion.Ahead of earnings, Rivian stock surged early Tuesday after Taiwan-based Digitimes reported Apple could be exploring a pa ...

It’s obvious to anyone not part of the Elon Musk cult that the wheels have come off Tesla (NASDAQ:TSLA). Tesla stock is going to keep suffering. Sales are falling. The product line is aging and Tesla is shedding employees. Musk’s attention is easily diverted. Its innovations, both in making cars and keeping them going, are being cast aside.There is a way to make this right. The idea springs from the $47 billion in stock Musk wants from Tesla’s board. They can do something much better with that money.M&A and ...

Electric vehicle (EV) maker Rivian Automotive Inc (NASDAQ:RIVN) will announce first-quarter earnings after the market closes tomorrow. The security is up 1.9% to trade at $10.27 at last check, but is running into resistance from the 40-day moving average, while the $11 region could emerge as a ceiling. Shares are today eyeing their fourth-straight daily gain, but are down 48.3% in 2024.The equity has a troubling recent history of post-earnings reactions. The shares finished five of their eight next-day sess ...

Electric vehicle (EV) maker Rivian Automotive (RIVN) made its blockbuster market debut in 2021. In fact, it was the largest IPO of the year, capitalizing on the excitement surrounding green vehicles. Within a mere week of its debut, the stock rocketed 120% from its IPO price of $78/share, closing at a record high of $172.01 on Nov 16, 2021. At its peak, the market cap of the company exceeded $150 billion—outstripping even legacy automakers like General Motors (GM) and Ford (F) .Fast forward to the present, ...

An unexpected effect of a possible second Trump presidency, as it turns out, might be a significant boost for the stock of the currently-embattled electric (EV) maker Rivian (NASDAQ: RIVN).Indeed, at a rally speech, presidential candidate Donald Trump warned – or promised, depending on the perspective – that he will, should he get elected, impose a 100% tariff on foreign-made electric vehicles. While Trump specifically singled out Chinese plans for making massive production facilities in Mexico as a big dan ...

Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2.The company announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds to help expand its existing factory in Normal, IL, as well as build out supporting infrastructure and boost job training programs for Rivian’s workforce. Updates to the factory will begin “in the coming months.”The funding announcement ...

Rivian and Tesla are moving in opposite directions with EV charging.Rivian Automotive (RIVN 2.93%) stock jumped as much as nearly 5% early Thursday. The stock move slid to a gain of just 2.7% as of 10:55 a.m. ET. But the sentiment may be a response to some frustration with another electric vehicle (EV) company.The move comes after Rivian recently updated plans for its charging network. And that comes in sharp contrast to what EV leader Tesla has recently done with its charging segment. Tesla's new charging ...