Unless you've been purposely avoiding the news, you've surely heard about the Trump administration's tariffs. While Trump has used tariffs as bargaining chips and to influence foreign policy, the auto industry has been concerned that it could see raised prices, reduced sales, and less profit.
Investors knew 2025 could be a slow year for Rivian Automotive (RIVN 0.51%). The company's next vehicle launch, the highly anticipated R2, won't hit roads until 2026, and the company lacks any real visible catalysts.
Shares of the electric vehicle (EV) maker Rivian Automotive (RIVN 0.80%) rose sharply this week after a report surfaced that the company has been stockpiling battery materials to fend off some of the negative effects from President Donald Trump's tariffs.
Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans before and after the election of Donald Trump, a strategy used to soften the blow of the president's tariffs, according to Bloomberg News.
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