Rivian Automotive (RIVN) Soars 8.6%: Is Further Upside Left in the Stock?

Company Overview - Rivian Automotive (RIVN) shares increased by 8.6% to $11.96 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 5.5% over the past four weeks [1] Investment and Partnerships - Volkswagen committed to invest up to $5 billion in Rivian, starting with an initial $1 billion for a joint venture focused on electric vehicle technology and software [1] - The additional $4 billion investment is planned after the establishment of the joint venture, marking a significant development for Rivian as it faces substantial losses while scaling production [1] Financial Performance Expectations - Rivian is expected to report a quarterly loss of $1.19 per share, reflecting a year-over-year decline of 10.2% [2] - Revenue expectations stand at $951.15 million, down 15.2% from the same quarter last year [2] - The consensus EPS estimate for Rivian has been revised 0.7% lower over the past 30 days, indicating a negative trend in earnings estimate revisions [2] Industry Context - Rivian is part of the Zacks Automotive - Domestic industry, where Ford Motor Company (F) has a Zacks Rank of 2 (Buy) and reported a 1.1% decrease in its stock price to $12.09 [3] - Ford's consensus EPS estimate remains unchanged at $0.62, representing a 13.9% decline from the previous year [3]