Investors are digesting a flurry of news surrounding electric vehicle (EV) maker Rivian Automotive (RIVN 1.94%). It seems the market doesn't know what to make of the mixed bag of information either.
If Rivian's $6.6 billion government loan gets approved, it will support the construction of the EV maker's new production facility in Georgia.
Rivian (RIVN) announced late Monday that it has received "conditional commitment" from the Department of Energy for a $6.6 billion loan to finance the construction of a factory in Georgia.
Abercrombie & Fitch (ANF) traded down despite posting an earnings beat. Retail weakness continued in Kohl's (KSS) after the company's CEO announced he will step down.
The company's shares have started the week on a tear, despite the expectation that Donald Trump will eliminate EV tax credits.
Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia.
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.
Rivian Automotive Inc (NASDAQ: RIVN) is up 13% today after California said it will revive incentives for EV buyers if Donald Trump moves to terminate the federal electric vehicle tax credits. Gov.
Shares of Rivian Automotive (RIVN 12.89%) were trading higher on Monday after California's governor said that his state could provide rebates to electric vehicle (EV) buyers if President-elect Donald Trump ends federal EV tax credits.
Rivian Automotive (RIVN 6.83%) has been an extremely volatile stock since its initial public offering in 2021. Yet volatility can often create incredible buying opportunities.
Rivian (RIVN 2.20%) has plenty of intriguing ambitions to keep investors on the hook. The company has product pipeline visibility with its upcoming R2, due to be launched in the first half of 2026, followed by the R3 and R3X -- all of which will be more affordable than its R1 predecessors.
Rivian Automotive faces short-term production issues and potential loss of EV tax credits but remains a strong long-term investment with significant cash reserves. Despite production setbacks and a revised forecast, Rivian's valuation offers a high margin of safety, making it a compelling buy. Rivian's focus on reducing operating expenses is crucial for future profitability, even as it scales up new EV models.