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.
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.
Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.
Shares of electric truck start-up Rivian Automotive received an upgrade and reported strong delivery numbers, despite a drop in stock prices.
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's shares declined in after-hours trading after the company announced preliminary quarterly sales estimates in line with analysts' expectations and revealed plans to offer $1.5 billion of convertible notes.
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.
Shares of Rivian Automotive Inc fell by nearly 23% after announcing plans to issue $1.5 billion worth of convertible green bonds to support the launch of its R2 sports utility vehicle, raising concerns about diluting cash flow and the speculative nature of the business.
Investors are favoring Rivian over Lucid Group as Wall Street takes sides in the electric vehicle market, with Lucid's stock down 25% this year compared to a 1% decline for Rivian, reflecting Lucid's slower progress in unit sales and financial performance.
Rivian's stock plunges 22.9% in response to its sales outlook and convertible debt offering, marking the largest percentage drop on record.
EV company Rivian saw a decline in pre-market trading after analyst Daniel Ives lowered the price target due to concerns about management's messaging and execution, but remains cautiously optimistic about Rivian's long-term growth potential.
Rivian Automotive's stock fell short of the S&P 500, while the company is predicted to post an EPS growth and revenue increase in its upcoming earnings report.
