RIVN stock (NASDAQ: RIVN) increased by nearly 8% during trading on Friday, spurred by a widespread market rally after the head of the U.S. Federal Reserve suggested possible rate reductions. Growth-oriented stocks like Rivian are usually more responsive to changes in interest rates, and this news provided a boost to the EV manufacturer's shares.
I am back from my vacation and decided to write the first Mish's Daily on a car company those of you who know my work, will not be surprised to read about. I have been trading Rivian for 2 years now and maintain a wildly bullish sentiment for the future.
As Rivian's (NASDAQ: RIVN) stock price seeks to maintain its recent bullish momentum, a Needham analyst has issued a more optimistic outlook for the equity.
Rivian (RIVN 7.80%) has grown tremendously since going public in 2021. Since then, sales have grown by more than 515,000%, from nearly zero to more than $5 billion.
After two straight quarters of positive gross margins, Rivian Automotive (RIVN 7.80%) returned to producing negative gross margins in the second quarter. This largely appears to be due to higher material costs, as China's cutback on the export of heavy rare-earth metals in the quarter disrupted supply chains and drove up the cost of electric vehicle (EV) production.
Zacks.com users have recently been watching Rivian Automotive (RIVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of Rivian Automotive (NASDAQ:RIVN) gained 2.65% over the past five trading sessions.
Rivian's sideways trading has played out as expected, thanks to the ongoing macro and regulatory headwinds observed in the automotive/EV industry. Given the net tariff impact of "a couple of thousand dollars per unit" and the rollback of fuel economy rules, we may see the automaker's margins further disappoint ahead. Even so, we cannot deny RIVN's robust high-growth prospects from H1 '26 onwards, thanks to the upcoming launch of R2 and the substantially completed capacity expansion.
RIVN's Q2 loss misses forecasts despite revenue gains from booming software and services, as the 2025 EBITDA loss outlook widens.
The NHTSA stopped issuing paperwork needed for credits as it reassesses fuel-economy standards.
Shares of Rivian Automotive (NASDAQ:RIVN) lost 0.54% over the past five trading sessions following a loss of 5.76% the five prior.