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EV Maker Rivian To Halt Construction of $5 Billion Georgia Plant
Investopedia· 2024-03-08 22:15
KEY TAKEAWAYSRivian Automotive shares are rising in premarket trading Friday as it pauses construction of $5 billion Georgia factory to cut costs and says it expects savings exceeding $2.25 billion.The company will now shift production of its R2 mid-sized SUVs to its existing facility in Illinois.Rivian joins other EV makers like Ford and Tesla in facing a slowdown in EV sales and increased competition. Rivian Automotive (RIVN) shares are rising in premarket trading Friday after the electric vehicle (EV) st ...
Wall Street sets Rivian stock price for the next 12 months
Finbold· 2024-03-08 21:59
The beginning of the year could have been more promising for the electric vehicle (EV) industry, with major players like Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) experiencing significant losses since January 1. However, there is a glimmer of hope on the horizon. Specifically, Rivian’s stock saw a notable surge of 13.42% following the announcement of its new R2 model. This model is strategically designed to target a portion of the market currently unexploited by its main US competitor, Tesla.However, o ...
Is Rivian Stock a Screaming Buy After the Launch of Its New Models?
The Motley Fool· 2024-03-08 08:22
Rivian公司新车发布 - Rivian公司在周四发布了三款新车型,并获得一家研究机构的买入推荐,这让投资者对其股票前景感到兴奋[1] - 尽管Rivian发布了新车型,但公司仍然面临电动汽车销售增长放缓和持续亏损的问题[2] Rivian公司财务状况 - 公司的营收几乎翻了一番,但仍然持续亏损,最新的非GAAP净亏损达到了惊人的13.1亿美元[3] - Rivian的生产指导预期较弱,今年总产量预计基本持平,远低于2023年的135%增长[4]
Jefferies Just Initiated Coverage of Rivian (RIVN) Stock
InvestorPlace· 2024-03-08 06:08
It has been a good day for Rivian (NASADQ:RIVN) for a few reasons. One of the most important is a new endorsement RIVN stock received from Wall Street.Yesterday, Jefferies analyst Philippe Houchois issued a bullish $16 price target for RIVN stock and initiated a “buy” rating. As bearish sentiment toward the electric vehicle (EV) producer has been rising lately amid declining share prices, this positive take comes at an excellent time for shares. Houchois sees Rivian as “leading sustainability and environmen ...
Electric car maker Rivian halts planned $5B Georgia EV plant, launches cheaper Tesla rival
New York Post· 2024-03-08 05:55
公司决定 - Rivian Automotive宣布暂停在乔治亚州建造50亿美元工厂的计划[1] - 公司将R2型号的生产转移到位于伊利诺伊州的现有设施[2] - 该举措将使公司节省22.5亿美元的资本支出[6]
Rivian Stock Soars 13% as EV Maker Introduces Three New Models
Investopedia· 2024-03-08 05:40
Key TakeawaysRivian introduced three new models to its electric vehicle lineup.The Rivian R2 is a mid-sized SUV, while the R3 and R3X are mid-sized crossovers.The R2 is set to be priced at about $45,000, while the R3 and R3X will be less.Rivian shares jumped 13% on Thursday, though are still down more than 40% since the start of the year. Rivian Automotive (RIVN) shares jumped 13% Thursday as the electric vehicle (EV) maker introduced three new models to go along with its RT1 truck and RS1 SUV, as well as i ...
Rivian Stock Has Over 30% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-03-08 04:30
Rivian Automotive (RIVN 13.42%) shares have plunged more than 50% year to date. Much of that stemmed from investor disappointment when the management's 2024 outlook revealed the company doesn't see any potential for production growth compared to last year.But one Wall Street firm just initiated coverage on the the electric vehicle (EV) start-up saying the stock's drop now makes Rivian a buying opportunity. Jefferies analyst Philippe Houchois started coverage of the EV maker with a buy rating and a price tar ...
Rivian Halts Planned $5 Billion Georgia EV Plant—And Its Shares Surge
Forbes· 2024-03-08 04:12
Rivian公司最新动态 - Rivian宣布暂停价值50亿美元的生产设施计划,以削减成本[1] - Rivian创始人兼CEO R.J. Scaringe宣布将在伊利诺伊州现有工厂组装最近发布的电动汽车模型[2] - Rivian计划将R2的生产转移到伊利诺伊州Normal工厂,延迟在亚特兰大外的工厂建设[4]
Why Rivian Stock Was Moving Higher Today
The Motley Fool· 2024-03-08 03:31
Rivian股票表现 - Rivian股票在周四上涨,受到Jefferies的分析师升级和新款R2电动SUV发布的影响[1] - Rivian在第四季度业绩报告后股价创下历史新低,但随着乐观的分析师报告和新产品发布,投资者开始转为乐观[2] - Rivian虽然发布了积极的分析师报告和两年后才能商业化的车型,但短期内股价走势不太可能改变[6] Rivian产品发布 - Rivian在发布活动上展示了R2、R3和R3X三款紧凑型SUV,其中R2的电池续航里程约为300英里,起价为45000美元,计划于2026年开始生产[4] Rivian面临挑战 - Rivian面临着第四季度业绩不佳、2024年生产保持平稳、裁员10%等问题,需要吸引投资者支持[5] - Rivian正面临着客户需求趋于平稳和利率上升等宏观条件下的困境,导致公司今年不计划增加生产[7] - Rivian虽然迅速燃烧现金,但公司表示将在第四季度实现适度的毛利润,这将是公司的重要考验[8]
Rivian Introduces R2, R3, and R3X Built on New Midsize Platform
Businesswire· 2024-03-08 02:40
LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Rivian today unveiled its new midsize platform which underpins R2 and R3 product lines. R2 is Rivian’s all-new midsize SUV delivering a combination of performance, capability and utility in a five-seat package optimized for big adventures and everyday use. The silhouette and face of R2 are distinctly Rivian. The powered rear glass fully drops into the liftgate for carrying all types of gear and enabling a unique open air driving experience. The interior is designed ...