UBS analyst Joe Spak downgraded shares of Rivian to Sell from Buy. His price target is now $8 a share.
Tesla's shrinking margins and Rivian's cash burn are ongoing concerns. Toyota's playbook is working despite cyclical industry headwinds.
Rivian needs cash and GM needs EVs. They're a perfect match.
As you may recall from my past coverage of Rivian Automotive (NASDAQ: RIVN ), I've been bearish about this early-stage electric vehicle stock. However, following the EV maker's latest quarterly earnin
The second half of 2023 and 2024 so far have proven difficult for the electric vehicle (EV) industry. Competition has been steadily rising while demand has been dropping so much that most companies in
Fourth-quarter 2023 revenue was $1.32 billion, slightly beating Wall Street's consensus estimate of $1.26 billion. The quarter's adjusted loss was $1.36 per share, a little wider than the loss of $1.3
Rivian needs to find a solution to its cash problems quickly.
Rivian (RIVN) hits new all-time lows after earnings. Kevin Green discusses this as Rivian's production estimates were not up to the street's expectations.
Shares of electric vehicle makers Rivian and Lucid fell Thursday after the companies reported stagnant production in their fourth quarter earnings.

Why Rivian Stock Plunged Today

02:57pm, Thursday, 22'nd Feb 2024
Rivian announced mixed results for its fourth quarter, beating on revenue and missing earnings expectations. The EV maker is laying off 10% of its salaried workforce in an effort to cut costs.
Rivian (RIVN) falls after earnings and announces a 10% reduction in workforce. Its adjusted EPS came in at -$1.36 versus an estimated -$1.39 and revenue came in at $1.32B versus an estimated $1.28B.

2 EV Stocks Taking a Dive After Earnings

01:29pm, Thursday, 22'nd Feb 2024
Shares of electric vehicle (EV) firms Rivian Automotive Inc  (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ:LCID) are plummeting this afternoon, following quarterly results.
Rivian's NASDAQ: RIVN Q4 release further proves that the EV market bubble has burst. Internal metrics and guidance suggest demand has peaked and current capacity is too much.

Rivian to lay off 10% of salaried staff

10:52am, Thursday, 22'nd Feb 2024
Rivian CEO RJ Scaringe said the company made "great progress" in 2023 even with economic headwinds. The automaker said it remains focused on cost efficiency.
Rivian (NASDAQ: RIVN ) stock is sliding lower on Thursday after Morgan Stanley analysts issued a warning for investors in the electric vehicle (EV) company. Morgan Stanley's analysts reiterated their
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