There is a surprising amount of debate over the difference between value stocks and growth stocks. Typically, growth stocks are defined as companies with high growth rates that are priced at high valuation multiples.
As the electric vehicle (EV) business in the United States falls apart, tiny EV company Rivian Automotive Inc.
U.S.-based EV stocks are in the spotlight today, as quarterly delivery numbers roll in.
Rivian now expects to deliver no more than 43,500 electric vehicles by the end of 2025, which would represent a nearly 16% drop from last year's sales.
Rivian Automotive reported a nearly 32% surge in third-quarter deliveries, beating analysts' estimates, as U.S. buyers rushed to secure tax credits before their expiry by buying new electric vehicles.
The latest trading day saw Rivian Automotive (RIVN) settling at $15.25, representing a -2.18% change from its previous close.
It is one of the stock market's little mysteries. Shares of troubled and small electric vehicle (EV) company Rivian Automotive Inc.
Rivian Automotive (RIVN) closed the most recent trading day at $13.46, moving 3.65% from the previous trading session.
Shares of Rivian Automotive (NASDAQ:RIVN) lost 0.73% over the past five trading sessions after gaining 3.43% the five prior.
Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for the all-important launch of its more-affordable R2 SUV next year.
Shares of Rivian Automotive (NASDAQ:RIVN) gained 3.43% over the past five trading sessions after surging 8.25% the prior five.
Shares of Rivian Automotive (NASDAQ:RIVN) surged 8.25% over the past five trading sessions.