Rivian is still on track for a "modest" gross profit in the fourth quarter of 2024. Second-quarter 2024 earnings results were a step back for Rivian because of the cost of upgrading its production systems and products.
Federal Reserve Chair Jerome Powell gave an even more definitively dovish speech than expected this morning at Jackson Hole. High interest rates have decimated the EV sector, so his comments sparked a rally in these beaten-down stocks.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.