Rivian Automotive Stock News

Rivian has been disappointing due to slower-than-expected growth, despite some progress on its long-term margin plan. The company is expected to see limited growth in 2025 when compared to other EV names. The valuation remains unattractive until growth starts to accelerate.

Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, valuing the EV company at over $10 billion.

Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish

Rivian said it has closed a major deal with Volkswagen that could be worth $5.8 billion by 2028.

Rivian Automotive Inc (NASDAQ:RIVN)'s expanded joint venture with Volkswagen will see a further $800 million pumped into the Tesla Inc (NASDAQ:TSLA) rival, but analysts at UBS have voiced concerns that Rivian “is helping a direct competitor” with the tie-up. While the $5.8 billion total funding injection will provide a substantial safety net for loss-making Rivian's finances, the electric vehic...

Rivian Automotive (RIVN) shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of the market for EVs.

A massive deal has reignited investors' expectations of the electric vehicle stock.

Tesla Inc  (NASDAQ:TSLA) stock has been in focus since Donald Trump's presidential election victory.