Rivian Automotive (RIVN 3.73%) left investors hoping for more after it reported earnings last week. While the electric vehicle (EV) maker made progress in some areas, its production guidance for 2025 fell short of expectations.
Artificial intelligence (AI) stocks had a great 2024. One of the industry's largest suppliers, Nvidia, is now one of the largest publicly traded companies in the world.
Rivian Automotive (RIVN -4.26%) has had no trouble selling its popular electric vehicles (EVs) since the company went public back in 2021. What it had been unable to do was sell its trucks and SUVs for more than it cost to make them.
Rivian stock price has slipped sharply this week, joining other technology companies like Tesla and NVIDIA. It has slipped in the last two straight days, reaching a low of $11.45, its lowest swing since November 26.
Electric vehicle (EV) maker Rivian Automotive (RIVN -7.79%) has big plans in 2025. It could, in fact, become a make-or-break year for the young EV company, and there are reasons to be optimistic about its prospects.
Rivian Automotive's NASDAQ: RIVN stock price experienced a drop following the release of its fourth-quarter and full-year 2024 financial results, despite the EV manufacturer reporting its first quarterly gross profit and exceeding revenue expectations.
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