Rivian has introduced its new Enduro drive unit, a fully integrated platform with in-house designed components, that not only enhances off-roading performance but also increases the range of its electric vehicles.
Rivian Automotive closed trading at $24.18, outperforming the S&P 500 and Nasdaq, and is expected to report positive earnings and revenue growth in its upcoming earnings report.
Rivian Automotive is expected to exceed electric vehicle delivery estimates in the third quarter, while Tesla faces obstacles, according to an analyst.
Rivian Automotive's stock soared 6% after analysts predicted strong third-quarter deliveries and highlighted the company's improving margins and solid demand for its electric vehicles.
Electric vehicle stock Rivian (NASDAQ:RIVN) received positive news from analysts, with Baird marking it as a "fresh pick" likely to beat delivery projections, resulting in a 6.5% increase in shares; additionally, reports of a lifted version of the Rivian R1T have further augmented its appeal to pickup enthusiasts.
Rivian's stock rises on predicted Q3 delivery success despite a slight decrease in estimates, while Fisker anticipates a significant increase in EV deliveries in the US and Europe for the fourth quarter.
Rivian experienced explosive growth in the first half of 2023 in California, with a nearly 200 percent increase in new vehicle registrations and a 156 percent growth in registrations for the second quarter alone, making it a popular alternative to Tesla among consumers.
Shares of electric truck start-up Rivian Automotive received an upgrade and reported strong delivery numbers, despite a drop in stock prices.
Ford's third quarter EV sales surpassed 20,000 vehicles, with the Mustang Mach-E leading the way, although electric models make up just over 4% of the company's overall sales, and it still trails behind Rivian in terms of EV sales.
Rivian Automotive Inc. plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue, causing its stock to fall and disappointing investors.
Rivian Automotive plans to offer $1.5 billion of convertible debt to finance green projects, causing its stock to fall after a surge in the previous session.
Rivian's stock dropped 8.7% after the electric vehicle maker announced a $1.5 billion convertible bond sale and issued disappointing guidance for the third quarter.
Shares of Rivian Automotive are down 16% in early trading after the company announced a plan to offer $1.5 billion in convertible notes and provided a third-quarter revenue estimate in line with Wall Street expectations.
Electric vehicle maker Rivian Automotive announces plans to raise $1.5 billion in convertible notes, causing a 19% drop in share prices, while McDonald's supplier Lamb Weston experiences a 10% jump in shares after beating analysts' expectations.
Electric vehicle maker Rivian's shares dropped nearly 23% after announcing plans to issue $1.5 billion worth of convertible green bonds to help "de-risk" the launch of its R2 sports utility vehicle, raising concerns about dilution and cash flow for the speculative business.
The 2023 Rebelle Rally marked a significant milestone for EV maker Rivian, as its all-electric R1T became the first EV to win the off-road competition, highlighting the company's use of motorsports as a proving ground and the development of features based on feedback from the rally.
Rivian Automotive's stock has dropped by 29.94% in the past month, and the company is set to announce its earnings on November 7, 2023, with projected year-over-year growth of 13.38% and an estimated revenue increase of 154.57%.
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