Rivian Automotive Stock News

Rivian has carved out two niche markets and has a head start on the competition.  Archer Aviation is consistently making strides towards commencing commercial operations.

The financial markets are closely monitoring the upcoming U.S. election, as the outcome will likely have significant implications for the broader economy. Both candidates, Donald Trump and Kamala Harris, have outlined their policies, which are expected to influence investment strategies.

Rivian is working closely with Volkswagen, a tie-up that could bring it a multitude of potential benefits. For now, Rivian's production output remains volatile and its losses per vehicle delivered hasn't improved.

Rivian's $81,000 improvement in gross profit per vehicle is a little misleading. Rivian still plans to achieve positive gross profit during the fourth quarter.

EV stocks like Rivian have struggled in 2024. The biggest detractor has been slower-than-expected growth for EV demand.

A fire at the Rivian factory over the weekend damaged several electric vehicles. The company's assembly plant itself was not harmed.

Rivian's business is still growing, but losses look unsustainable. The company plans to bring margins under control in the near term.

A fire broke out at a parking lot at Rivian Automotive's manufacturing facility in Normal, Illinois late on Saturday damaging many of its electric vehicles, the U.S. startup said on Sunday.