Rivian Automotive (RIVN) concluded the recent trading session at $11.91, signifying a -1% move from its prior day's close.
Rivian founder and CEO RJ Scaringe on Tuesday talked about the Trump administration's tariffs and how the electric vehicle (EV) maker is navigating them during "The Claman Countdown."
Shares of Rivian Automotive (NASDAQ:RIVN) were mostly flat during a.m.
Rivian's upcoming quarterly earnings should give good insight about the potential of future margin and revenue expansion. Rivian recently announced first-quarter deliveries of 8,640 which was a 36% YoY decline but above the consensus analysts estimate of 8,200. The trade war and brand backlash for Tesla could increase significantly over the next few months, which should help Rivian build a better growth momentum.
Shares of Rivian Automotive (NASDAQ:RIVN) popped 4.86% in a.m.
Rivian Automotive (RIVN) closed the most recent trading day at $11.21, making no change from the previous trading session.
Investors knew that 2025 might be a slow one for Rivian Automotive (RIVN -2.99%). The young electric vehicle (EV) maker doesn't have any obvious catalysts to boost demand or deliveries throughout the year, and its highly anticipated R2 model doesn't launch until 2026.
Rivian stock (NASDAQ: RIVN) was hit hard by the market's reaction to the April 2 tariffs. However, recent price action might provide investors with a long time horizon with quite an attractive entry point.
Rivian's U.S.-based manufacturing shields it from Trump's 25% tariffs on imported vehicles, creating a competitive pricing advantage over foreign EV and ICE vehicles. Strong Q1 deliveries and improved cost controls signal Rivian's operational efficiencies, making shares appear undervalued and justifying a strong buy rating. Rivian's strategic focus on core operations and the spin-off of non-core projects streamline its business, enhancing its financial position and growth potential.
The embattled EV maker Rivian Automotive NASDAQ: RIVN recently got some much-needed good news. Shares rose nearly 8% on Mar. 27 after President Trump announced big-time tariffs on foreign cars and components.
RIVN's deliveries drop to 8,640 vehicles from 13,588 in the same period last year due to sluggish demand for EV.
Shares of Rivian (RIVN) fell Wednesday, retreating after a climb off 2025 lows seen just last month.