Rivian Automotive (RIVN 3.73%) left investors hoping for more after it reported earnings last week. While the electric vehicle (EV) maker made progress in some areas, its production guidance for 2025 fell short of expectations.
Artificial intelligence (AI) stocks had a great 2024. One of the industry's largest suppliers, Nvidia, is now one of the largest publicly traded companies in the world.
Rivian and Lucid post narrower-than-expected Q4 losses. Let's dive into their results, outlook, and fundamentals to see if either stock is worth buying now.
Rivian Automotive (RIVN -4.26%) has had no trouble selling its popular electric vehicles (EVs) since the company went public back in 2021. What it had been unable to do was sell its trucks and SUVs for more than it cost to make them.
Rivian stock price has slipped sharply this week, joining other technology companies like Tesla and NVIDIA. It has slipped in the last two straight days, reaching a low of $11.45, its lowest swing since November 26.
Electric vehicle (EV) maker Rivian Automotive (RIVN -7.79%) has big plans in 2025. It could, in fact, become a make-or-break year for the young EV company, and there are reasons to be optimistic about its prospects.
Rivian Automotive's NASDAQ: RIVN stock price experienced a drop following the release of its fourth-quarter and full-year 2024 financial results, despite the EV manufacturer reporting its first quarterly gross profit and exceeding revenue expectations.
Rivian beat Q4'24 revenue and earnings expectations, achieving its first-ever positive gross margin and positive free cash flow, marking a significant business inflection point. Despite these improvements, Rivian's FY 2025 delivery outlook disappointed, causing shares to slump 5%. Rivian's gross profit per vehicle turned positive as well, showing improved production efficiencies.
Rivian (NASDAQ: RIVN) started 2025 on a strong note, rallying to $16.49 in early January—its highest level since July 2024, after exceeding analyst expectations for yearly deliveries.
Rivian Automotive Inc (NASDAQ:RIVN) shares slumped more than 7% after the electric vehicle maker was downgraded by Bank of America analysts. They downgraded Rivian to “Underperform” from “Neutral” and awarded it a $10 price target, down from $13.
Shares of Rivian Automotive (RIVN -7.21%) plunged 9.7% shortly after 10 a.m. ET today, sinking to their lowest price so far this year.