The share price of electric vehicle manufacturer Rivian (NASDAQ: RIVN) continues to struggle due to bleak projections for the company's revenue and production estimates.
So far this year, Rivian's (NASDAQ: RIVN) shares have been down 55%, primarily due to a July sell-off.
Rivian's path forward isn't as bright as it might appear.
Rivian might have exited 2023 with a ton of momentum, but that's fizzled throughout 2024 -- here's why investors shouldn't give up on the young EV maker.
Rivian's new vehicle deliveries may have stalled temporarily, but it has a new lever to pull.
The EV maker's stock has been on a roller-coaster ride this year.
Positive and negative PR events cancel out, leaving investors still worried about Rivian's key concern: cash burn.
Rivian Automotive (RIVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
You can still add huge growth potential to your portfolio with this stock.
Rivian (RIVN) stock price has continued to underperform the market this year after the company lowered its guidance. It has crashed by 56% in 2024, while other EV companies have pared back their earlier losses.
Rivian Automotive (NASDAQ: RIVN) saw a small boost in trading on Tuesday, October 22, closing at $10.49, up +0.46 (4.59%) for the day.
This EV stock might become the next Tesla.