UBS analyst Joe Spak upgraded shares of electric-vehicle maker Rivian Automotive to Hold from Sell.
When electric-vehicle manufacturer Rivian stock (NASDAQ: RIVN ) entered the scene, its debut represented a breath of fresh air. While Tesla (NASDAQ: TSLA ) remains the sector leader, its designs have

Why Rivian Stock Dropped Again Today

12:21pm, Monday, 15'th Apr 2024
Investors are reacting to signals that EV demand is meaningfully lower. Rivian is still on track to meet its expected production volume this year.
Rivian's stock price is approaching record lows, and investors wonder about its long-term prospects.
Rivian expects its production to flatline this year as it upgrades its plants. Nikola desperately needs to ramp up its deliveries this year to stay solvent.
In its last four reported quarters, Rivian reduced its gross loss per unit by roughly $81,000. The EV maker is shutting down its manufacturing plant in the second quarter to implement improvements tha
Retooling its Illinois factory has plenty of upside, but risks remain. Accelerating the R2 launch timeline is a no-brainer, and it saves $2.25 billion.
Two Sigma made Rivian one of its top 30 holdings in the fourth quarter. Rivian has accelerated the launch schedule for its R2 crossover SUV.
Rivian's stock price is down significantly as investors realize consumer enthusiasm for EVs is nowhere near what was anticipated.
Rivian is going to have a hard time digging out of this hole.
Rivian has not yet achieved profitability and still faces significant challenges. Tesla's unmatched financial prowess positions it to expand its electric vehicle operations globally.

Why Did Rivian (RIVN) Stock Just Hit New Lows

12:38pm, Friday, 12'th Apr 2024
It hasn't been an easy week for Rivian (NASDAQ: RIVN ) stock or for the electric vehicle (EV) sector in general. Known for its electric pickup trucks and SUVs, Rivian recently hit an all-time low, dip
As Rivian Automotive (NASDAQ: RIVN) hits an all-time low, the electric vehicle (EV) manufacturer faces a range of challenges that cast doubt on its future.
Tesla gets the most attention in the electric vehicle industry, but there are other EV companies worth considering for investors. BYD, the largest EV company in the world by sales volumes, offers prof
Rivian Automotive Inc. shares closed at a fresh record low on Thursday, with the competitive landscape for electric trucks set to get even hotter after Ford Motor Co. said it will cut prices.
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