[Music] Welcome to the Green Stock News Brief for Wednesday, September 17th. Here are today's top headlines. [Music] Riven has broken ground on a new manufacturing plant near Social Circle, Georgia, which will produce the next generation R2 SUV and R3 crossover.Construction begins in 2026 with vehicle production targeted for 2028 and eventual annual capacity of up to 400,000 vehicles. The EPA has determined that Hilleion's Carno power module is not classified as an internal combustion engine, meaning it wil ...

Core Viewpoint - Rivian Automotive is at a critical juncture, with potential for long-term growth hinging on its ability to scale production and introduce new models, particularly the R2 and R3, which aim to capture a broader market segment [1][2][14]. Group 1: Current Status and Challenges - Rivian has had a relatively uneventful year in 2023, with no new vehicle launches, which can be seen as a positive since it indicates stability amidst industry challenges [1]. - The company has experienced slowing delivery growth and signs of waning demand, raising questions about its future performance [3]. - Rivian's immediate goal is to achieve consistent positive gross profits, which is complicated by the expiration of the $7,500 federal tax credit and tariff uncertainties [6]. Group 2: Future Product Launches - The R2 model is set to begin production in 2026, targeting a more affordable SUV segment with a starting price around $45,000 before shipping [5]. - Following the R2, the R3 is expected to have an even lower price point, likely under $40,000, and will feature a design appealing to younger buyers [7][9]. - The R3's production and deliveries are scheduled to start in mid-2028, as the company prioritizes the R2 to optimize costs [9]. Group 3: Strategic Partnerships and Growth Potential - Rivian's commercial vans, initially produced exclusively for Amazon, are now available to other large fleet buyers, which could enhance scale and credibility [11][12]. - Securing additional large customers for its commercial vehicles could significantly impact Rivian's growth trajectory in the near term [12]. Group 4: Financial Outlook - In approximately three years, Rivian aims to improve production efficiency and cut costs to achieve positive gross margins and potentially turn a profit [13][14]. - The introduction of the R2 and R3 models is expected to drive revenue growth, with projections indicating a significant increase in revenue within a year if cost-cutting measures are successful [14].

Market Overview - U.S. markets experienced a slight decline, with the Dow Jones Industrial Average falling approximately 0.3% to 45,757.90, the S&P 500 decreasing 0.1% to 6,606.76, and the Nasdaq dipping 0.07% to 22,333.96 [1] Nio Inc. (NIO) - Nio's stock surged by 8.17%, closing at $7.02, with an intraday high of $7.09 and a low of $6.48; the 52-week range is $7.71 to $3.02 [2] - The stock's rise followed UBS's upgrade from Neutral to Buy, with a price target increase from $6.20 to $8.50 [2] - Nio's shipment of a new model to dealers contributed to the positive momentum [2] Rivian Automotive, Inc. (RIVN) - Rivian's shares climbed 5.29%, ending the day at $14.32, with a high of $14.65 and a low of $13.73; the 52-week range is $17.15 to $9.50 [3] - The increase is attributed to Rivian's announcement of a new facility in Georgia, marking a significant step in their electric vehicle production [3] Moderna Inc. (MRNA) - Moderna's stock rose by 4.02%, closing at $24.84, with a day's high of $25.63 and a low of $23.91; the 52-week range is $75.37 to $23.15 [4] - This uptick followed the release of preliminary data showing an eight-fold increase in antibodies with their updated Spikevax formula targeting the LP.8.1 variant of SARS-CoV-2 [4] Meta Platforms Inc. (META) - Meta's shares increased by 1.87%, closing at $779, with an intraday high of $781.36 and a low of $765.10; the 52-week range is $796.25 to $479.80 [5] - The rise was influenced by a leak revealing Meta's next-generation smart glasses, described as a "game changer" by analyst Ross Gerber [5] BitMine Immersion Technologies Inc. (BMNR) - BitMine's stock rose by 5.31%, closing at $55.93, with a high of $57.01 and a low of $50.90; the 52-week range is $161 to $3.20 [5] - The increase follows BitMine's report of holding over 2.15 million Ethereum tokens, making it the world's largest Ethereum treasury company [5] Rivian's Performance Metrics - Rivian has a Momentum ranking in the 60th percentile and a Growth ranking in the 24th percentile, compared against Tesla and Nio [6]

Rivian broke ground on a Georgia plant that is expected to start production in 2028. The factory is a crucial part of the EV maker’s growth plan. https://t.co/VSmq0w2hB8 ...

Rivian's Future and Challenges - Rivian shares experienced a nearly 7% increase [1] - Rivian anticipates a slowdown in EV sales after September 30th, with a dip expected in Q4 and stabilization in 2026 [2] - Rivian is optimistic about future EV sales growth, especially with the $45,000 R2 model, with production starting next year in Illinois and in 2028 at the new facility [3] - Rivian aims for profitability and growing EV sales in the US with potential R3 model [3] - The Department of Energy has granted Rivian a $6.17 billion loan for facility construction [9] - The loan's future is uncertain, depending on the current administration's support [10][11] - A potential recession could impact EV sales [11] - There's no guarantee the plant will be producing 200,000-400,000 vehicles by 2030 [12] Corvette Recall - Approximately 100,000 Corvettes have been recalled due to a fire risk [4] - A cooling fan near the gas tank was spraying gasoline onto the engine during fueling, causing fires [6] - Despite the issue, GM is addressing the defect with a recall and stop sale [6] - The Corvette recall has not materially impacted the company's stock, which is down about 0.9% [7]

All right, welcome back. Let's talk cars. Rivian shares with a nice nearly 7% pop right now.Philippo speaking with their CEO at the site of a future factory that is going to keep pumping out their electric vehicle. So, is the CEO worried about the end of the federal EV tax credit. I heard earlier Philippo literally in a field ask the Rivian CEO that exact question and he joins us that with that and more down in Georgia.Phil, >> you know, Brian R. J. J.Scaring knows that the EV sales are going to slow down a ...

Production Timeline - Rivian R2 SUVs are expected to start production in 2028 [1] Project Status - The project is considered to have dealt with a lot of uncertainty in the last few years [1] - The recent event, while largely ceremonial, is an important step for the project [1]

Core Insights - Rivian has officially begun construction on its factory in Georgia, which is expected to produce up to 400,000 electric vehicles annually once fully operational [1][2] - The factory is projected to create 7,500 permanent jobs and an additional nearly 8,000 indirect jobs through local suppliers and vendors [3][4] - The company plans to invest approximately $5 billion in the Georgia facility, with vehicle production anticipated to start in 2028 [7][14] Construction Timeline - A ceremonial groundbreaking event was held, attended by CEO RJ Scaringe and Georgia officials, although actual construction is not expected to start until the first quarter of 2026 [2][5] - Current activities are focused on preparatory work, including electrical and water system installations and access road construction [2] Job Creation and Economic Impact - The factory is expected to generate 2,000 construction jobs during its building phase [3] - Rivian has already created 47 full-time jobs and invested around $80 million in the project as of June 30 [3] Historical Context - Rivian announced plans for the Georgia factory shortly after its IPO in 2021, aiming for a larger production capacity than its existing Illinois facility [6] - The project faced delays due to local opposition and supply chain challenges, but was prioritized again in late 2024 after securing a $6.6 billion loan from the Department of Energy [11][12] Future Plans - Rivian aims for the new factory to serve a global market by 2028, indicating significant growth ambitions [14]

The plant, scheduled to open in 2028, would support the company's R2 SUV and smaller R3 crossover models. ...

You need the magnets. You need the raw materials from China. The president is working uh to negotiate a final agreement with China.Do you need that done by a certain amount of time before you start to say, "Hold on, the warning light is flashing that we're in trouble here." Yeah, we've talked a lot about export controls around heavier earth metals, you know, which come out of China today. I think there's two pieces. One is, of course, we need to continue to have trade relationships with China on those heavi ...