Rivian is making significant progress towards profitability due to major cost reductions, despite current sales challenges in the premium EV sector. The upcoming R2 and R3 models are set to dramatically boost sales, with production ramping up at the Normal, Illinois facility in 2026. Tesla's recent struggles and Elon Musk's political distractions create an opportunity for Rivian to capture mark...
Rivian founder and CEO RJ Scaringe has transferred a portion of his ownership stake and voting power as part of a newly-settled divorce proceeding, according to a regulatory filing.
Electric vehicle (EV) stock Rivian Automotive Inc (NASDAQ:RIVN) is down 2.9% to trade at $12.65 at last check, after a downgrade from Guggenheim to "neutral" from "buy" to go with a price-target cut to $16.
Electric vehicle (EV) manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) has come under pressure from Wall Street, with Guggenheim downgrading the stock from “Buy” to “Neutral,” and removing its previous $16 price target.
Rivian Automotive (RIVN -2.25%) has an exciting future. This year, the electric vehicle (EV) company achieved several consecutive quarters of positive gross margins.
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