RIVN Stock Price and Chart NASDAQ:RIVN

The focus now, however, will likely shift away from Rivian’s numbers to its growth plans and product pipeline. Its joint venture with Volkswagen not only validates Rivian’s EV technology, but also infuses it with cash that should help the EV maker scale up its production capacity faster and launch new products as planned. It’s no surprise that the EV stock is sizzling hot today, what with shares still trading nearly 50% below their 52-week high, as of this writing, even after today’s big jump.

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Overall, the deal highlights a unique opportunity for Rivian to improve the scale and efficiency of its operations using shared insights and resources from a brand like Volkswagen which has a broad market presence and respectable expertise. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Neha Chamaria has no position in any of the stocks mentioned. You can view our recent press releases by visiting our Newsroom. You can obtain Rivian’s investor relations material in the Investors section of our website.

Valuation Measures

These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. The company offers five-passenger pickup trucks and sports utility vehicles under the R1T and R1S labels. The R1T is a highly configurable pickup while the R1S is an off-road capable SUV. The R1T is hailed as the world’s first EV adventure vehicle, it began production in early 2021 and the first deliveries were made later that same year. By mid-2022 the company had delivered more than 8,000 vehicles with production ramping quickly. Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs.

LinkedIn will no longer support native audio events beginning next month, the company said in an update. Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. In June, Rivian announced plans for a JV worth up to $5 billion with Volkswagen and said it expected to form the JV by the fourth quarter of 2024. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. South Carolina is often a sought-after retirement destination within the United States.

1. CEO and founder RJ Scaringe initially wanted to make an electric sports car more or less similar to the Tesla Roadster.
2. Select to analyze similar companies using key performance metrics; select up to 4 stocks.
3. If you’re considering a backdoor Roth IRA or other strategies to save on taxes, consider talking it over with a financial advisor.
4. Separately, Rivian has taken steps to cut costs amid softening demand for EVs.
5. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Market News

He focuses on ideas that has strong growth potential and well-beaten contrarian plays, with an 18 negative interest rates in the u s. to 24 month outlook for the thesis to play out. Hyundai is recalling 145,235 of its Genesis and IONIQ vehicles. Real Housewives of Atlanta star Porsha Williams was hit with a federal lawsuit by her estranged husband, Simon Guobadia, for defamation and invasion of privacy, In Touch can exclusively report. According to court documents obtained by In Touch, Simon filed the suit on Thursday, November 21, which also accuses Porsha of intentional infliction of emotional…

Rivian Automotive Stock Analysis – MarketRank™

He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. The group, which also includes brands such as how to hedge with a risk reversal options strategy Audi, Lamborghini and Porsche, has been struggling with higher costs, weakening sales, competition from Chinese EV makers and a slower-than-expected move away from petrol and diesel vehicles. At Rivian, we’re committed to showing that a successful business can also be good for the planet. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. Achieving this requires real innovation, collaboration and stewardship.

Rivian and Volkswagen have formed a JV for a deal size of up to $5.8 billion to be jointly led by Rivian’s chief software officer, Wassym Bensaid, and Volkswagen’s chief technology engineer, Carsten Helbing. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide.

Investor News

Rivian owners can now protect their vehicles with XPEL’s ULTIMATE PLUS Paint Protection Film, which guards against scratches, chips, and stains while offering a self-healing finish. A Louisville resident who says the Givaudan explosion has worsened his health condition has filed a lawsuit and is seeking class-action status. A backdoor Roth conversion can save you Technical analysis in forex significantly in future taxes, but at the cost of paying those taxes now.