Rivian Automotive Stock News

You probably won't be buying a vehicle made by Nikola, but there's little doubt the market has a growing need for them. While Rivian Automotive may be unprofitable right now, there's a light at the end of the tunnel.

The stock declined 14% in August, after booking three consecutive monthly advances — gaining 54% since the end of April.

Being stuck in the position of playing second fiddle is never fun, but on Wall Street, it can be downright damning.

Rivian Automotive is moving towards gross profitability.  The company just started a new joint venture with Volkswagen.

IRVINE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced that on Monday, Sept 9th, 2024, at 08.50am PT, Rivian's CFO, Claire McDonough will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference.

Electric vehicle stocks have struggled lately due to lower-than-expected demand. Yet, many long-term growth drivers remain in place for this still-young industry.

Ford announced it would be making its future SUV products hybrids instead of fully electric. Consumers are embracing hybrids, which is bad news for full electric vehicle brands such as Rivian.

24/7 Wall St. Insights Rivian Automotive Inc. (NASDAQ: RIVN) remains too small and loses too much money to survive, even if its vehicles are well-regarded.