Volkswagen AG Unsponsored ADR (VWAGY)
Rivian: Here's My Game Plan After The VW Deal And Investor Day
Rivian Automotive, Inc. stock surged after Volkswagen's investment, settling around $14, above moving averages. The Volkswagen deal validates Rivian, reduces risks, and aids in production expansion and distribution. Investor day highlighted cost reduction focus, production goals, and potential for selling puts as an investment strategy.
Volkswagen: China Concern Overblown, Valuation Looks Attractive
Management is aggressively cutting costs through its performance program and recently announced bullish 2030 profitability targets. Protectionism and deglobalization will protect Volkswagen from Chinese EVs. Concerns over Volkswagen's Chinese business are overblown because it accounts for a fraction of Volkswagen's income.
What's Next for US EV Makers After $5B Rivian-Volkswagen Deal?
The partnership announced Tuesday between Rivian (RIVN) and Volkswagen (VWAGY) may set the path forward for traditional automakers and EV companies as the market for electric vehicles (EVs) continues to grow.
3 EV Stocks That Even the Rivian-Volkswagen Deal Can't Save
Yesterday, a prominent automaker provided a much-needed catalyst for electric vehicle (EV) stocks. In an update that surprised most of the automotive community, Volkswagen (OTCMKTS: VWAGY ) announced that it would be investing up to $5 billion in Rivian (NASDAQ: RIVN ) over time, and the entire sector took notice.
Will Volkswagen News Drive Rivian Stock to $20? 1 Wall Street Analyst Thinks So.
Volkswagen and Rivian announced a new joint venture Tuesday night. Volkswagen plans to invest $5 billion in Rivian and its new joint venture over the next three years.
Rivian stock price soars after Volkswagen announces $5 billion investment in the EV maker
Shares of electric vehicle maker Rivian Automotive (ticker: RIVN) are soaring, with the stock up more than 40% in premarket trading as of the time of this writing. The reason for the stock surge?
Volkswagen's Rivian Investment 'De-Risks' Future Growth Plans But 'Funding Isn't Free': 7 Analysts Size Up JV News Against 'Challenging Backdrop For EVs'
Shares of Rivian Automotive RIVN are trading higher Wednesday on the heels of an announced $5-billion investment by Volkswagen AG VWAGY.
Rivian's up to $5B investment from Volkswagen a ‘game-changer,' analysts believe
An up to $5 billion investment in Rivian Automotive Inc (NASDAQ:RIVN) from automaker Volkswagen Group (XETRA:VOW) is a game-changer for the electric vehicle maker, Wall Street analysts believe. Investors appear to agree with them, sending shares of Rivian 28% higher in early trade on Wednesday to about $15.30.
What Does the $5 Billion Rivian-Volkswagen Deal Mean for RIVN Stock?
Shares of Rivian (NASDAQ: RIVN ) stock are accelerating higher after the electric vehicle (EV) company secured an investment of up to $5 billion from Volkswagen (OTCMKTS: VWAGY ). In addition, the two automakers will form a joint venture (JV) focused on advancing software-defined vehicle (SDV) platforms.
Rivian soars as Volkswagen plows $5B into struggling EV maker: ‘Game changer'
VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both firms' electric cars. Rivian is slated to receive another $4 billion in total by 2026.
Rivian Shares Surge 28% On $5 Billion Volkswagen Investment—On Track For EV Maker's Best Day Ever
Shares for Rivian rose by over 28% on Wednesday, putting the electric vehicle maker on track for its largest single-day gain ever, after the company announced a joint venture with Volkswagen that includes an investment of up to $5 billion.
Down In 2024, Rivian Stock Spikes 36% On Volkswagen Investment
Volkswagen plans to invest as much as $5 billion in electronic vehicle maker Rivian, reported CNBC.
