Date | Price Target | Rating | Analyst |
---|---|---|---|
9/25/2024 | $16.00 → $13.00 | Overweight → Equal-Weight | Morgan Stanley |
9/10/2024 | $14.00 | Hold | Deutsche Bank |
9/5/2024 | Peer Perform | Wolfe Research | |
6/28/2024 | $13.00 → $20.00 | Buy | Needham |
6/26/2024 | $15.00 → $19.00 | Overweight | Cantor Fitzgerald |
6/26/2024 | $15.00 → $20.00 | Outperform | Wedbush |
6/25/2024 | $18.00 | Buy | Guggenheim |
4/18/2024 | $18.00 → $13.00 | Buy | Needham |
10-Q - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc. (NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday. What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%. Stellantis NV (NYSE:STLA) and Ford suffered the most significant declines at 6.84% and 13.46%, respectively, according to Benzinga Pro data. Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations. Investors expressed concerns about a lower-than-expected auto gross margin and free cash flow. CEO Elon Musk’s c
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower in premarket today. The company is reportedly set to face trial over accusations that it prompted former Tesla Inc. (NASDAQ:TSLA) employees to steal trade secrets, according to a preliminary ruling by a California judge. Judge Theodore C. Zayner of the Santa Clara County Superior Court tentatively refused Rivian’s request to dismiss the case, asserting that Tesla had provided sufficient evidence for the case to proceed to trial, reported Reuters. The judge highlighted that some Rivian employees were inadequately investigated and not disciplined, which supports Tesla’s claims. The legal dispute originated in 2020 when Tesla
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth. Gruner is joining Rivian from Porsche Cars North America, Inc. (PCNA), where he was most recently President and CEO. Gruner starts at Rivian today and will report directly to Rivian Founder and CEO RJ Scaringe. At Rivian, Gruner will oversee Rivian's commercial function including Sales, Marketing, Customer Care, Delivery, Service, and Fleet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230901891588/en/Rivian appoints Dr. Kjell Gruner as Chief Commercial Officer and President, B
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period. Production and delivery results during the second quarter of 2024 were in line with Rivian's expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles. The company also announced that on August 6th, after market close, it will release its second quarter 2024 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending March 31, 2024. The company produced 13,980 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,588 vehicles during the same period. Production and delivery results during the first quarter of 2024 were in line with Rivian's expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles. The company also announced that on May 7th, after market close, it will release its first quarter 2024 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period. On a full-year 2023 basis, the company produced 57,232 vehicles and delivered 50,122. This exceeded management's most recent full-year 2023 production guidance of 54,000 vehicles. The company also announced that on February 21st, after market close, it will release its fourth quarter 2023 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the busin
SC 13G/A - Rivian Automotive, Inc. / DE (0001874178) (Subject)
SC 13G/A - Rivian Automotive, Inc. / DE (0001874178) (Subject)
SC 13G - Rivian Automotive, Inc. / DE (0001874178) (Subject)
Morgan Stanley downgraded Rivian Automotive from Overweight to Equal-Weight and set a new price target of $13.00 from $16.00 previously
Deutsche Bank resumed coverage of Rivian Automotive with a rating of Hold and set a new price target of $14.00
Wolfe Research resumed coverage of Rivian Automotive with a rating of Peer Perform
IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQ:RIVN) today announced that on Wednesday September 11, 2024, at 10:30 AM PT, Rivian founder and CEO RJ Scaringe will participate in a fireside chat at Morgan Stanley's 12th Annual Laguna Conference. A live webcast will be available here. Investor [email protected] Media ContactHarry Porter: [email protected] About Rivian: Rivian (NASDAQ:RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accele
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. A live webcast will be available here. Investor [email protected] Media ContactHarry Porter – [email protected] About Rivian: Rivian (NASDAQ:RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating
Company reaffirms all aspects of guidance for the year Announced technology joint venture with Volkswagen Group with a total deal size of up to $5 billion Rivian Automotive, Inc. (NASDAQ:RIVN) today announced its second quarter 2024 financial results, reaffirming all aspects of guidance for the year. During the second quarter, the company made significant progress driving greater cost efficiency, improving its products, further strengthening its balance sheet, validating the differentiated nature of its technology stack, and establishing new business opportunities. Execution during the quarter was strong with the completion of the retooling upgrade at the company's plant in Normal,