Electric vehicle (EV) maker Rivian Automotive Inc (NASDAQ:RIVN) will announce first-quarter earnings after the market closes tomorrow. The security is up 1.9% to trade at $10.27 at last check, but is running into resistance from the 40-day moving average, while the $11 region could emerge as a ceiling. Shares are today eyeing their fourth-straight daily gain, but are down 48.3% in 2024.The equity has a troubling recent history of post-earnings reactions. The shares finished five of their eight next-day sess ...

Electric vehicle (EV) maker Rivian Automotive (RIVN) made its blockbuster market debut in 2021. In fact, it was the largest IPO of the year, capitalizing on the excitement surrounding green vehicles. Within a mere week of its debut, the stock rocketed 120% from its IPO price of $78/share, closing at a record high of $172.01 on Nov 16, 2021. At its peak, the market cap of the company exceeded $150 billion—outstripping even legacy automakers like General Motors (GM) and Ford (F) .Fast forward to the present, ...

An unexpected effect of a possible second Trump presidency, as it turns out, might be a significant boost for the stock of the currently-embattled electric (EV) maker Rivian (NASDAQ: RIVN).Indeed, at a rally speech, presidential candidate Donald Trump warned – or promised, depending on the perspective – that he will, should he get elected, impose a 100% tariff on foreign-made electric vehicles. While Trump specifically singled out Chinese plans for making massive production facilities in Mexico as a big dan ...

Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2.The company announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds to help expand its existing factory in Normal, IL, as well as build out supporting infrastructure and boost job training programs for Rivian’s workforce. Updates to the factory will begin “in the coming months.”The funding announcement ...

Rivian and Tesla are moving in opposite directions with EV charging.Rivian Automotive (RIVN 2.93%) stock jumped as much as nearly 5% early Thursday. The stock move slid to a gain of just 2.7% as of 10:55 a.m. ET. But the sentiment may be a response to some frustration with another electric vehicle (EV) company.The move comes after Rivian recently updated plans for its charging network. And that comes in sharp contrast to what EV leader Tesla has recently done with its charging segment. Tesla's new charging ...

EV Company Rivian's Stock Down 61% solarseven / iStock via Getty Images While Tesla Inc. (NASDAQ: TSLA) stock experienced a downturn this year, the situation for smaller electric vehicle (EV) maker Rivian Automotive Inc. (NASDAQ: RIVN) was even more challenging. Unlike Tesla, which saw a recovery in its shares, Rivian’s stock continued to drop, reaching a staggering 61% decline. The company’s sales, which are relatively modest, coupled with the industry’s overarching issues, have created a bleak outlook f ...

The stock market is seeing a lot of red on the screen today, with Rivian (NASDAQ:RIVN) being among the electric vehicle (EV) companies certainly leading the way lower. Shares of RIVN stock closed down by 5% today on investors pricing in continued headwinds for the sector and as capital rotates into more defensive areas of the market.One key headline which appears to be grabbing significant investor attention is Rivian’s announced move to open up its charging network to non-Rivian drivers. This move will und ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Rivian Automotive (RIVN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. ...

As the electric vehicle market softens, things look bleak for Rivian (NASDAQ:RIVN). If you invested in Rivian stock you may already have a hint of what to expect when it reports Q1 earnings May 7. RIVN recently announced it produced almost 14,000 vehicles and delivered nearly 13,600. It remains on target to produce 57,000 EVs this year.Those production and delivery numbers were a preview of what’s to come. What investors need to do is scratch a little deeper below the surface to find the real health of the ...

Among the next companies scheduled to report earnings is Rivian (NASDAQ:RIVN). While shares are rising for the electric vehicle (EV) producer today, RIVN stock has struggled lately amid volatile economic conditions. Many investors are watching closely as Rivian prepares to report earnings for the first quarter of 2024. The last earnings report of 2023 provided investors with some cause for optimism. As InvestorPlace contributor David Moadel notes: “Starting with the top-line results, Rivian’s revenue improv ...