NEW YORK, NY / ACCESSWIRE / July 3, 2024 / If you suffered a loss on your Rivian Automotive, Inc. (NASDAQ:RIVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / July 3, 2024 / If you suffered a loss on your Rivian Automotive, Inc. (NASDAQ:RIVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / July 3, 2024 / If you suffered a loss on your Rivian Automotive, Inc. (NASDAQ:RIVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
The electric vehicle industry is in turmoil. On the one hand, EV sales are booming with volumes expected to rise 21% this year.
Last week, Volkswagen (OTCMKTS: VWAGY ) announced that it would invest up to $5 billion into Rivian (NASDAQ: RIVN ) over the next few years. $1 billion of that will go towards a joint venture (JV) focused on creating next-generation software-defined vehicle (SDV) platforms.
NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Rivian Automotive, Inc. ("Rivian" or "the Company") (NASDAQ:RIVN) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Rivian securities between August 12, 2022, and February 21, 2024, inclusive (the "Class Period").
Despite sinking to an all-time low in April, shares of Rivian Automotive, Inc. NASDAQ: RIVN have been on a heater in recent weeks. The electric vehicle (EV) maker, considered one of the stronger alternatives to the king of EVs, Tesla Inc NASDAQ: TSLA, has seen its shares gain more than 80% in the past ten weeks.
EV demand continues to climb in the U.S. Still, demand growth has lagged expectations this year. EV automakers are pulling back, creating investable opportunities.
Rivian shares have plummeted 43% through the first half of 2024. The company's financial health is more secure thanks to a partnership with Volkswagen.
Recently, the EV theme has regained some life, with stocks such as Tesla and Rivian Automotive enjoying strong price action following solid delivery numbers.
Shares of Rivian (RIVN) rose Tuesday after the electric vehicle (EV) maker reported production and delivery numbers for the second quarter that came in better than expected.
Rivian denied a media report on Tuesday that said the U.S. electric vehicle company was in early talks with Volkswagen to extend their partnership beyond a recently announced software joint venture.