DA Davidson believes Rivian is ramping up marketing efforts ahead of its highly anticipated R2 launch while capitalizing on short-term R1S and R1T opportunities.
The small-cap company also announced that it is scrapping its planned $671 million Georgia plant, raising uncertainty about its long-term expansion strategy and government loan availability.
With Amazon's exclusivity period now over, Rivian said it has been trialing the commercial van with several large fleets and refining its fleet management process.
With breakeven still “years away”, Bernstein believes Rivian faces “mounting risks”, including persistent negative unit economics and significant cash burn per vehicle.
Lucid Group's stock is rising by 2.71% in premarket trading following strong fourth-quarter production results and the announcement of its new Lucid Gravity Grand Touring SUV powered by advanced battery technology.
In a recent study, researchers have suggested that Arkansas could potentially hold a significant amount of lithium, a crucial component for electric car batteries and other high-tech products.
Rivian's shares plunge 9% as the company slashes its annual production forecast due to a worsening supply shortage, now projecting 47,000 to 49,000 vehicles.
Clean tech stocks face cautious investor sentiment due to concerns about execution and balance sheets. Enovix and ChargePoint making strides in EV charging and batteries. eVTOL stocks surge, but may be ahead of fundamentals. Plug Power faces policy uncertainty in hydrogen sector.
