Rivian Automotive Stock News

Rivian Automotive Inc. (NASDAQ: RIVN) saw its shares drop by 7.5% to $12.17 during Friday's trading session, reflecting a broader market pullback after a recent rally. The decline comes on the heels of the Federal Reserve's unexpected decision to cut interest rates, marking the first reduction in over four years.

Rivian is adapting to market conditions effectively.

Rivian's business model has become problematic because the company can't scale production effectively.

Rivian is hiring additional salespeople to help spur consumer demand.

Rivian makes award-winning electric trucks and it has an agreement to supply Amazon with delivery vehicles. In 2024 Rivian is working to improve its production processes so it can turn a gross profit.

Rivian has built a strong brand identity and customer loyalty. The company is getting closer to being gross profit positive.

EV growth has been slowing. Recent consumer surveys show fewer people plan to buy EVs in the coming years.

Despite Rivian Automotive Inc. (NASDAQ: RIVN) surpassing Wall Street expectations in its latest quarterly report, the electric vehicle (EV) maker remains at serious financial risk. Joe McCabe, President and CEO of AutoForecast Solutions, has warned that Rivian is “one or two programs away from bankruptcy.