Rivian Automotive Aktie News

The electric vehicle maker is enjoying surging revenue. But it's bleeding money as the EV industry outlook weakens.

Rivian stock went public in 2021 with high expectations. Since then, company sales have exploded by nearly 1,000%.

Rivian sales are up 868% since it went public in 2021. The company's products have received numerous awards, with high levels of customer satisfaction.

Rivian (NASDAQ: RIVN ) announced this week that it has entered into an agreement with renewables company Pivot Energy to purchase renewable energy certificates. This is part of its plan to ensure that its Normal, Illinois plant runs on 100% renewable energy by 2030.

2024 has been a difficult year for electric vehicle stocks. Tesla still holds a lot of potential given its prospects in addition to EVs.

Tesla continues to lead the EV market with the most competitive vehicles in terms of price, performance, reliability, and access to its Supercharger network, beating any "pure play" EV carmaker. Rivian, though somewhat competitive with its product lineup, struggles to keep pace with Tesla's advancements and is far from profitability. The company's long-term viability is questionable in my opini...

For three years running, Tesla has had a single goal: to sell 20 million electric cars by 2030. However, Tesla just dropped its 20 million-car sales goal.

NEW YORK , May 23, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rivian Automotive, Inc. ("Rivian " or the "Company") (NASDAQ: RIVN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rivian investors who were adversely affected by alleged securities fraud between March 1, 2023 and February 21, 2024.