Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the 10 Best EV Stocks to Buy According to Hedge Funds. The company lays off employees amid a $1 billion equity investment and while awaiting the launch of its R2 SUV. Rivian Balances Layoffs and $1 Billion Volkswagen Investment Ahead of R2 Launch In the second quarter of 2025, Rivian Automotive, Inc. (NASDAQ:RIVN) achieved notable progress in the development of the R2 vehicle and its autonomy platform. The improvement strengthens the company’s position for ...

While Lucid Group Inc LCID plugs into Uber Technologies Inc's UBER robotaxi dreams; and Rivian Automotive Inc RIVN expands its Amazon.com Inc AMZN delivery fleet — Tesla Inc TSLA remains the only profitable pure-play EV maker. Track TSLA stock's performance here. Add a $5.8 billion software JV with Volkswagen AG VLKAF and a battery deal with LG, and Rivian's hedging its bets on both mass-market scale and tech muscle. It's a solid strategy—but still deeply in cash burn mode. Tesla's Doing Tesla Things Meanwh ...