EV Company Rivian's Stock Down 61% solarseven / iStock via Getty Images While Tesla Inc. (NASDAQ: TSLA) stock experienced a downturn this year, the situation for smaller electric vehicle (EV) maker Rivian Automotive Inc. (NASDAQ: RIVN) was even more challenging. Unlike Tesla, which saw a recovery in its shares, Rivian’s stock continued to drop, reaching a staggering 61% decline. The company’s sales, which are relatively modest, coupled with the industry’s overarching issues, have created a bleak outlook f ...

The stock market is seeing a lot of red on the screen today, with Rivian (NASDAQ:RIVN) being among the electric vehicle (EV) companies certainly leading the way lower. Shares of RIVN stock closed down by 5% today on investors pricing in continued headwinds for the sector and as capital rotates into more defensive areas of the market.One key headline which appears to be grabbing significant investor attention is Rivian’s announced move to open up its charging network to non-Rivian drivers. This move will und ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Rivian Automotive (RIVN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. ...

As the electric vehicle market softens, things look bleak for Rivian (NASDAQ:RIVN). If you invested in Rivian stock you may already have a hint of what to expect when it reports Q1 earnings May 7. RIVN recently announced it produced almost 14,000 vehicles and delivered nearly 13,600. It remains on target to produce 57,000 EVs this year.Those production and delivery numbers were a preview of what’s to come. What investors need to do is scratch a little deeper below the surface to find the real health of the ...

Among the next companies scheduled to report earnings is Rivian (NASDAQ:RIVN). While shares are rising for the electric vehicle (EV) producer today, RIVN stock has struggled lately amid volatile economic conditions. Many investors are watching closely as Rivian prepares to report earnings for the first quarter of 2024. The last earnings report of 2023 provided investors with some cause for optimism. As InvestorPlace contributor David Moadel notes: “Starting with the top-line results, Rivian’s revenue improv ...

Rivian recently told investors how it plans to navigate a fine line to profitable growth.2024 has been a year of transition for the electric vehicle (EV) industry. Sales are still growing, but the rate of expanding sales has slowed noticeably. That's led many EV makers to throttle plans to increase production as well as the number of new models being offered.Stocks in the industry have taken a beating as a result. Rivian Automotive (RIVN 6.10%) has thus far been relatively successful in building a customer ...

Rivian needs a massive transformation to eclipse Tesla, but stranger things have happened.Since its initial public offering (IPO), Rivian (RIVN 6.10%) has become one of the most prominent names in the electric vehicle industry (EV). With its sleek lineup of electric pickups and SUVs, many investors likely hoped that Rivian would follow a similar trajectory to the champion of EVs, Tesla (TSLA -1.11%).Although both stocks are currently struggling amid a waning EV market in the U.S., Rivian's stock has done no ...

Electric vehicle manufacturer Rivian (NASDAQ:RIVN) enjoyed a much-needed positive session on Tuesday, with shares swinging up almost 3.5% in late afternoon trading. Nevertheless, a legal overhang clouds the recovery narrative for RIVN stock, which has been battered this year. In particular, anxieties over high borrowing costs threaten to derail any contrarian optimism.According to information provided by Stanford Law School, a class-action lawsuit alleges that Rivian made materially false and misleading sta ...

So far this month, Rivian Automotive (NASDAQ:RIVN) shares have continued to hit new all-time lows. However, I’ll admit that a move to higher prices may be in the immediate future for Rivian stock.Mostly, because the ingredients are in place for shares in this fledgling EV upstart to experience a short-squeeze. Yet while the possibility of a short squeeze could serve as a warning to anyone looking to join the crowded short side by making a bearish RIVN wager, it’s not exactly a sign that now’s the time to “b ...

Upstart electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) finally gave stakeholders something to cheer about with its exclusive global partnership with MEVCO, which stands for Mining Electric Vehicle Company. Under the deal, Rivian will provide EVs to the mining, mining services and mining equipment industries. While a compelling opportunity, RIVN stock faces a cloud of skepticism amid the underlying sector’s demand fallout.Mevco — which specializes in providing sustainable and efficient EV fleets to ...