Rivian Automotive, Inc. (RIVN)

Rivian Automotive, Inc. (NASDAQRIVN) today announced fourth quarter and full year 2024 financial results. Rivian reported a gross profit of $170 million in the fourth quarter of 2024, primarily driven by improvements in variable costs, revenue per delivered unit, and fixed costs. Rivian expects these improvements to benefit it over the long-term and position the company well to achieve modest gross profit for 2025. Rivian achieved record revenues in the fourth quarter of 2024 driven by the sale of regulatory credits and software and services revenue growth as well as increasing R1 average selling prices with the increased availability of its Tri-Motor offering.

On average, a battery electric vehicle (BEV) will lose a portion of its battery capacity over its lifetime. However, technological advancements have allowed BEVs to retain more capacity after several years of use. Electric cars manufactured from 2017 to 2018 will retain 93% of their battery capacity while even newer models from 2019 to 2023 will still have 96-97% of their original capacity.

China’s electric vehicle (EV) market is experiencing a major shift as Leapmotor, a rising EV manufacturer, launches its latest smart electric vehicle. The new model, the B10, offers advanced driving technology at a competitive price of under 150,000 yuan ($20,535). This announcement comes just a day after BYD, another leading Chinese EV maker, slashed the prices of its smart EVs, intensifying competition in the market. Analysts predict these moves could trigger a new wave of price cuts and technological advancements in the EV industry.

Rivian Automotive (NASDAQRIVN) has today announced it is opening sales for the Rivian Commercial van to fleets of all sizes in the US. The Rivian Commercial Van is the platform on which Amazon’s custom electric delivery van (EDV) is based, and is designed from the ground up, prioritizing safety, driver comfort, total cost of ownership and sustainability. Safety features include automatic emergency braking, collision warnings, and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today.

Rivian Automotive Inc. (NASDAQRIVN) has seen a big jump in its stock price. The company recently announced strong sales in the last quarter of 2024 and shared good news about fixing its production issues. These updates have made investors excited about Rivian’s future.

Rivian (NASDAQRIVN) today announced it has closed its loan agreement with the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) for up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) in financial support for the construction of its next manufacturing facility in Stanton Springs North, near the City of Social Circle, Georgia. These funds will help secure American leadership in electric vehicles while supporting the creation of 7,500 new manufacturing jobs and accelerating the volume expansion of the company’s new R2 SUV and R3 crossover.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period.

Rivian Automotive Inc. (NASDAQRIVN), an electric vehicle (EV) manufacturer, is taking a fresh approach to car controls. Instead of the boring and plain designs many cars use, Rivian has created something fun, colorful, and inspired by anime and optimism. This new design makes interacting with the car more enjoyable and reflects Rivian’s vision for a better, more sustainable future.

American all-electric automaker Rivian Automotive (NASDAQRIVN) today announced it has received conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Rivian Automotive (NASDAQRIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies – with a total deal size of up to $5.8 billion, which is expected to start on November 13. Through this JV, the companies plan to bring next-generation electrical architecture and best-in-class software technology for both companies’ future electric vehicles, covering all relevant vehicle segments, including subcompact cars. It is highly complementary reflecting Rivian’s industry-leading software and electrical hardware technology as well as Volkswagen Group’s significant global scale and industry-leading vehicle platform competencies.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Wednesday, November 13, 2024, at 7:55 a.m. CT, Rivian CFO Claire McDonough will participate in a fireside chat at Baird's Global Industrial Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its third quarter 2024 financial results. In the third quarter the company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.

EQNX::TICKER_START (NASDAQSYTA),NASDAQ:RIVNNASDAQRIVN)(NASDAQ:TSLANASDAQTSLA,(NASDAQ:NVDANASDAQ),(NASDAQ:TMUSTMUS) EQNX::TICKER_END

PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- FN Media Group Market Commentary - Investors Brace for a High-Stakes Earnings Season as Key Players in Tech, EVs, and AI Reveal Their Performance. As earnings season heats up, several companies listed on the Nasdaq exchange are under the microscope. From emerging innovators to established market leaders, each faces unique challenges that will be revealed in their quarterly reports. The stakes are high, with market sentiment, stock prices, and future growth trajectories hanging in the balance. This quarter, Siyata Mobile (NASDAQSYTA), Rivian NASDAQ: RIVNNASDAQRIVN)(NASDAQ: TSLANASDAQTSLA, and Nvidia (NASDAQ: NVDANASDAQ) are at critical junctures that could shift the momentum of their stocks and influence broader market trends.

Rivian Automotive Inc. (NASDAQRIVN) has officially initiated a Halloween-themed update that’s bringing some nostalgic fun to its electric vehicles. As of October 18, Rivian owners can transform their cars into iconic rides from Knight Rider and Back to the Future, adding a unique twist to their driving experience.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.

Stocks had a mostly bullish week as stimulus efforts in the U.S. and China enhanced risk-on sentiment, but next week's jobs report could spark a larger rally

For investors with an appetite for risk, and who believe in Rivian’s long-term potential, this could be opening up a serious buying opportunity.

Rivian, a young electric vehicle (EV) company, has decided to do things differently by choosing a different philosophy compared to Tesla in China. Even though Tesla popularized electric vehicles (EVs) around the world and are now expanding into China, the two companies have decided to take different approaches. According to Rivian Automotive Inc. (NASDAQRIVN), it has decided to carve its own path and not follow every move by Tesla, particularly in the Chinese market.

We've got you covered with a list of oversold stocks to buy right now. Learn more about oversold and overbought stocks on MarketBeat.

There is an EV shakeout underway, and no start-up is risk-free. The big OEMs bide their time, waiting to buy or develop technology, ready for the next boom

IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Wednesday September 11, 2024, at 10:30 AM PT, Rivian founder and CEO RJ Scaringe will participate in a fireside chat at Morgan Stanley’s 12th Annual Laguna Conference.

IRVINE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQRIVN) has today announced that on Monday, Sept 9th, 2024, at 08.50am PT, Rivian’s CFO, Claire McDonough will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference.

There is a growing sense of excitement at Rivian Automotive Inc. (NASDAQRIVN) as the company expects to reap big rewards from the $5 billion joint venture with Volkswagen (VW). In a Q2 earnings report call, company CEO, RJ Scaringe, shared some promising news about the impact of the VW deal on the company’s supply chain . Suppliers view this as a golden opportunity that will open doors for Rivian’s product line and VW’s extensive portfolio.

Rivian struggled in Q2, producing wider losses than in the year-ago period, setting its stock up for a big fall and the $10 level may not be the bottom.