Whether you're a diehard electric vehicle fan or merely curious about the EV market, you have likely thought about which companies -- that aren't named Tesla -- might be a good idea to hitch your horse to right now.
Rivian Automotive (RIVN 4.38%) has made a name for itself in the increasingly crowded electric vehicle (EV) field with its limited vehicle lineup. The company has focused on producing just a fully electric pickup truck, an SUV, and a commercial delivery van.
Rivian has opened a new charging station in Joshua Tree, California, that is open for other EV owners can use — a first for the company. It's part of a plan to build out a much larger interoperable charging network across the U.S., though the company is still very early in that process.
Rivian Automotive (RIVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of Rivian Automotive Inc NASDAQ: RIVN have been steadily recovering after what can only be described as a tough year. The stock continues to consolidate above April's all-time low and has now gained 30% since the start of last month.
Rivian Automotive (RIVN 1.39%) didn't blow away investors with its third-quarter earnings report last month, but November was still a big month for the company and its stock. The company did reiterate some operational guidance, but parts supply issues resulting in a lower production outlook for the year forced the electric vehicle (EV) manufacturer to forecast increasing losses.
Rivian Automotive (NASDAQ:RIVN) has certainly been among the worst-performing EV stocks in the market this year, down more than 30% on a year-to-date basis, at the time of writing.
Rivian's (RIVN 0.08%) losses per vehicle are improving but not quickly enough for impatient investors.
Rivian (RIVN 0.08%) shares are trading significantly below the high-water mark, and investors are curious about what is happening with this company.
Customers appreciate the value provided by Rivian's (RIVN -3.43%) SUVs.
Rivian's (RIVN 0.08%) management team forecasts it will generate positive gross profits in 2025.
Rivian (RIVN 0.08%) hasn't had the best year in 2024. The stock has lost around half its value year to date as of this writing.