Rivian Automotive Aktie News

Oftentimes, when a young company such as Rivian Automotive (RIVN -2.25%) slashes jobs, it's not a good thing. That makes it understandable for some investors to glance at headlines and assume Rivian is in worse shape than we all thought.

Amazon (NASDAQ: AMZN) has been one of the best investments of all time. But the road hasn't always been easy for investors.

Rivian Automotive  (RIVN 0.38%) is one of the most exciting electric car stocks today. Over the next few years, its growth should explode higher thanks to the introduction of new, lower-priced models.

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News.

Shares of Rivian Automotive (NASDAQ:RIVN) lost 6.25% over the past five trading sessions, compounding their one-month loss to 11.46%.

The electric vehicle (EV) industry is having a moment right now. After a few years of rising consumer interest, government investments, and general optimism in the economy, EV makers now face rising costs, cutbacks in government-sponsored EV incentives, and consumers who are on the lookout for cheaper vehicle options.

Rivian (RIVN -2.56%) is forecasting a decrease in sales and an increase in spending, not usually a recipe for success.

The share price of electric vehicle (EV) manufacturer Rivian (NASDAQ: RIVN) continues to fluctuate, though a section of Wall Street analysts expect upside potential over the next 12 months.