Rivian Automotive Stock News

Rivian (RIVN 7.80%) has grown tremendously since going public in 2021. Since then, sales have grown by more than 515,000%, from nearly zero to more than $5 billion.

Tesla (TSLA 6.18%) has dominated the electric vehicle (EV) market for over a decade, but the company's core business has begun to struggle. Rivian Automotive (RIVN 7.80%), meanwhile, is still in the early innings as an automaker, but is starting to hit important milestones.

After two straight quarters of positive gross margins, Rivian Automotive (RIVN 7.80%) returned to producing negative gross margins in the second quarter. This largely appears to be due to higher material costs, as China's cutback on the export of heavy rare-earth metals in the quarter disrupted supply chains and drove up the cost of electric vehicle (EV) production.

Rivian Automotive (RIVN -1.96%) is about to enter one of the most exciting growth spurts in its history. It plans to launch a new discounted model in as little as six months, with two more new models to follow soon after.

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Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are changing hands for about the same price as a week ago, while the Nasdaq has retreated modestly.

Rivian stock price has held steady in the past few days, even as the company warned of a $100 million hit to its revenues after the relaxation of fuel economy rules by the Trump administration. RIVN was trading at $12.4 on Monday, higher than this month's low of $11.5.

Shares of Rivian Automotive (NASDAQ:RIVN) gained 2.65% over the past five trading sessions.