Rivian rolls out 2025.46 software, expanding hands-free driving to 3.5M miles, adding Digital Key, new displays, and Gen 2 performance tools.
Rivian is down more than 80% since its IPO. Improving financials, technology innovations, and brand awareness are propelling the company in a positive direction.
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Former Patagonia CEO Rose Marcario is resigning from her position on Rivian's board of directors, according to a Friday afternoon stock exchange filing.
RIVN's Europe-ready R2 and R3, zero tariffs, and export-friendly Georgia plant put Europe back in focus, though launch timing is undecided.
Rivian is reiterated as a Buy, driven by the improving manufacturing leverage, the compelling valuations, and the healthy balance sheet bridging its future operating leverage. The upcoming Autonomy+ SaaS subscription and the rich software gross margins signal a new, high-margin, recurring revenue stream. Expanding capacity, R2 platform launch, and mass market models position RIVN to weather EV demand headwinds and the upcoming industry consolidation after $7.5K tax credit expiry.
Rivian (NASDAQ: RIVN) shares are back in focus after Wall Street turned more bullish on the electric vehicle maker, pointing to a potential rebound driven by new models and long-term technology investments.
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are 2.5% higher than a week ago.
Rivian Automotive unveiled a custom artificial intelligence (AI) chip and a comprehensive autonomy platform designed and engineered in-house. The announcement, made at the company's first “Autonomy & AI Day” in Palo Alto, California, marks a departure from reliance on third-party computing solutions such as Nvidia's processors.
Shares of Rivian Automotive (NASDAQ:RIVN) gained 7.04% over the past five trading sessions after gaining 2.47%% the five prior.
Rivian Automotive NASDAQ: RIVN shares jumped 12.1% on Friday, Dec. 12, closing at $18.42. This double-digit rally stands out against a backdrop of general unease in the electric vehicle (EV) sector.
Rivian's inaugural Autonomy & AI Day catalyzed a significant upward move, with the stock surging 12% on heavy volume. The initial reaction to the event was negative, with the stock closing down the prior day.