Shares of Rivian (NASDAQ: RIVN ) stock are in the green by 7.5% after the electric vehicle (EV) company announced its second-quarter production and deliveries. Rivian produced 9,612 vehicles compared to 13,992 vehicles a year ago, signaling a drop of 31.3%.
Rivian Automotive Inc RIVN has been on a tear, with its stock price surging over 30% in the past month. This impressive performance outshone Tesla stock, which rose just over 25% during the same period.
Rivian's vehicle deliveries were better than expected for the second quarter. The company also produced more vehicles than it previously estimated.
NEW YORK, NY / ACCESSWIRE / July 2, 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").
For 2024 overall, the company expects to manufacture about 57,000 vehicles.
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN ) had its price target raised by RBC Capital following its deal with Volkswagen (OTCMKTS: VWAGY ). The German auto giant formed a joint venture with the American company that could be worth $5 billion.
Shares of Rivian Automotive Inc. rallied Tuesday, after the electric-vehicle maker reported quarterly deliveries data that beat expectations by a record margin.
While the Volkswagen deal and cost-cutting plans are likely to drive Rivian's (RIVN) long-term growth, potential investors should wait for a better entry point, given near-term challenges.
Rivian stock benefited from positive coverage from analysts today. RBC Capital raised its one-year price target on Rivian stock from $11 per share to $14 per share.
Rivian (NASDAQ: RIVN ) enjoyed some excellent momentum last week, and things don't seem to be slowing down. After Volkswagen (OTCMKTS: VWAGY ) announced plans to make a significant investment in the electric vehicle (EV) producer, RIVN stock surged almost instantly.
NEW YORK, NY / ACCESSWIRE / July 1, 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 1, 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.