Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions. The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions. Read More
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Rivian (NASDAQ:RIVN) and its peers.
Rivian Automotive shares fell Wednesday afternoon. Remarks by Federal Reserve Chair Jerome Powell warning of higher inflation risks and slower growth sent stocks across sectors lower.
Prominent short seller Jim Chanos took aim at Tesla Inc. CEO Elon Musk's ambitious market cap projections, drawing parallels to previous claims about cost-cutting initiatives.
The firm expects the net price of new vehicles in the U.S. to rise by about $2,000 to $4,000 over the next 6-12 months as car manufacturers pass on tariff-related costs, Reuters reported.
The new trade policies, UBS said, are raising the cost of making a vehicle, subsequently raising the cost of a vehicle for consumers and negatively impacting demand.
A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
The startup wants to crack the formula for building a $25,000 two-seat EV, something established U.S. players like Tesla and Rivian have yet to achieve.
