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The Latest Breaking News from Rivian Automotive Inc

The electric vehicle (EV) industry is projected to grow tremendously this year, thanks to substantial consumer demand and favorable government policies. So, given the industry's impressive growth prospects, Wall Street analysts expect the shares of fundamentally solid EV companies Workhorse (WKHS), Rivian (RIVN), and Lucid (LCID) to rally up to…

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Why Rivian And Lucid Shares Are Tapping The Brakes Today

Shares of several companies in the broader consumer discretionary sector including Rivian Automotive Inc (NASDAQ: RIVN) and Lucid Group Inc (NASDAQ: LCID) are trading lower Monday amid overall market

Benzinga

Rivian CEO: Raw Material Shortage Will Severely Limit EV Battery Production

Rivian Automotive Inc. (NASDAQ: RIVN) CEO R.J. Scaringe has a raised a red flag over a potential shortage of battery supplies for the electric vehicles, a situation that he declared would be more acute than the ongoing shortage of computer chips.

Benzinga

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Analyzing Rivian Automotive Inc. - Class A Common Stock's Short Interest

Rivian Automotive Inc. - Class A Common Stock's (NASDAQ:RIVN) short percent of float has risen 31.01% since its last report. The company recently reported that it has 44.79 million shares sold short, which is 9.59% of all regular shares that are available for trading.

Benzinga

PreMarket Prep Stock Of The Day: Rivian Automotive's Rough Ride

It has been rough going in the SPAC/IPO market in 2022 for most issues. One of the worst performers has been Rivian Automotive Inc (NASDAQ: RIVN), which is the PreMarket Prep Stock of the Day.

Benzinga

Rivian Says On Track To Meet 2022 Output Target After Stock Drops 9%

Rivian Automotive Inc (NASDAQ: RIVN) said on Tuesday it is on track to make 25,000 electric vehicles this year, sending the shares of the electric vehicle company higher after the bell.

Benzinga

What CEO Jim Farley Has To Say About The Ford F-150 Lightning Electric Pickup's EPA Range

With Rivian Automotive Inc (NASDAQ: RIVN) the only company currently delivering an electric pickup, competition is sorely wanting in the segment.

Benzinga

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Why Tesla And Rivian Automotive Shares Are Falling On Monday

Tesla Inc (NASDAQ: TSLA) and Rivian Automotive Inc (NASDAQ: RIVN) shares are trading lower amid a pullback in EV and clean energy stocks.

Benzinga

Rivian Automotive Appoints Frank Klein As Operations Head

Rivian Automotive Inc (NASDAQ:RIVN) has appointed Frank Klein as Chief Operations Officer (COO), effective June 1, 2022. Klein succeeds Rod Copes, who retired from the position last year. Klein will report to CEO RJ Scaringe. Frank most recently held the position of President at Austria-based automotive contract manufacturer Magna Steyr, a subsidiary of…

Benzinga

The Only Reason Dan Ives Remains Bullish On Rivian Is...

Rivian Automotive Inc (NASDAQ: RIVN) shares are trading lower Friday after the company reported disappointing financial results.

Benzinga

What's Going On With Rivian Automotive Shares?

Rivian Automotive Inc (NASDAQ: RIVN) shares are trading lower by 3.70% at $39.85 after the company reported worse-than-expected fourth-quarter EPS and sales results.

Benzinga

Rivian Takes A Leaf Out Of Tesla's Playbook: Here's Its Plan To Hedge Against Nickel Woes This Year

Rivian Automotive Inc (NASDAQ: RIVN) will start using batteries made of lithium-iron-phosphate (LFP) in some of its cars this year as a hedge against rocketing nickel prices, the electric vehicle maker's CEO RJ Scaringe said on Thursday.

Benzinga

Rivian Q4 Results: Earnings And Sales Miss, 909 Vehicle Deliveries And More

Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) reported fourth-quarter financial results and shared an update on fiscal year 2022 expectations Thursday. Here are the key highlights for investors.

Benzinga

Rivian Failed To Disclose Price Hike Plans To Investors, Lawsuit Alleges

Rivian Automotive Inc (NASDAQ: RIVN) may have rolled back price hikes after widespread online backlash, but that episode has now drawn a shareholder lawsuit, protocol.com reported

Benzinga

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Barclays More Than Halves Rivian Automotive's Price Target - Read Why

Barclays analyst Brian Johnson lowered the price target Rivian Automotive Inc (NASDAQ:RIVN) to $47 (15% upside) from $115 and kept an Equal Weight rating on the shares heading into the company's earnings. The analyst saw a 10.77% upside for the company. Johnson noted Rivian recently indicated it would honor original pricing on pre-existing orders…

Benzinga

Rivian Walks Back Price Hikes Following Backlash From Reservation Holders

Rivian Automotive Inc (NASDAQ: RIVN) announced unexpected price hikes earlier this week, which was particularly unfortunate for reservation holders. It appears the electric vehicle startup is walking back the price increases following a backlash from customers.

Benzinga

Rivian Faces Growing Online Backlash After Increasing Car Prices, Thousands Claim To Cancel Orders

Rivian Automotive Inc (NASDAQ: RIVN) is facing an onslaught of peeved customers online, with many claiming to cancel reservations on online forums after the electric vehicle maker announced price hikes.

Benzinga

Why Rivian Shares Are Falling Today

Rivian Automotive Inc (NASDAQ: RIVN) is trading lower Wednesday after the company on Tuesday announced it's raising the prices of its vehicles by about 20%.

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Benzinga

Elon Musk Guns At Tesla Rival Rivian As Latter Hikes Prices: 'Their Negative Gross Margin Will Be Staggering'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday took a dig at smaller electric vehicle rival Rivian Automotive Inc (NASDAQ: RIVN) saying the recently

Benzinga

Rivian Missed 2021 Production Targets And Is Now Reportedly Bumping Up Prices: Here's Why

Rivian Automotive Inc (NASDAQ: RIVN) is raising the starting prices of its two electric vehicles currently on sale by up to 20% due to inflationary pressure and higher component costs, Reuters

Benzinga

Why Tesla, Nio And Rivian Shares Surged Today

Shares of EV and clean energy vehicle companies, including Tesla Inc (NASDAQ: TSLA), NIO Inc (NYSE: NIO) and Rivian Automotive Inc (NASDAQ:

Benzinga

This Tesla Competitor Targets 10% EV Market Share By 2030

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference. The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030. Scaringe said Rivian had replaced some chipsets in certain…

Benzinga

Why Rivian Shares Are Rising Today

Rivian Automotive Inc (NASDAQ: RIVN) is trading higher Monday morning after filings from billionaire investor George Soros showed he invested about $2 billion in the electric vehicle company during the fourth quarter.

Benzinga

Rivian Ramping Up Production After Near-Weeklong Pause For Fixes, Improvements: Report

Rivian Automotive Inc (NASDAQ: RIVN) is ramping up output at its Normal, Illinois plant after a near-weeklong production pause earlier this month, Bloomberg News

Benzinga

5 Things You Might Not Know About Rivian Founder RJ Scaringe

Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) completed its highly anticipated IPO in November 2021. Rivian was founded in 2009 by RJ Scaringe, who continues to lead the company as its CEO.

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