Tesla’s Fourth-Quarter Delivery and Production Numbers in Review
Tesla wrapped up 2023 on a strong note, delivering an impressive 485,000 cars and trucks during the final quarter of the year. Despite the Nasdaq Composite experiencing a 1.6% dip,…
Challenges Faced by Electric Truck Maker Rivian as Shares Fall
Shares of electric truck manufacturer, Rivian Automotive (ticker: RIVN), took a hit in premarket trading on Thursday following disappointing guidance and the company's announcement of plans to raise additional funds.…
Netflix, Rivian Among Names Tiger Global Is Letting Go After Tech Rout
(FT) The total value of public stock holdings by Tiger Global fell by $20 billion at the end of the first quarter from the close of 2021 as the hedge…
Rivian Rises 27% As It Maintains EV Guidance Amid Wider Q1 2022 Loss
(Rivian) Shares of Rivian rose more than 27% on Thursday after retaining its production guidance of 25,000 electric vehicles in 2022. Rivian also maintained guidance of an EBITDA loss of…
Rivian Plunges 17% After Reports Ford and Other Firms Are Selling Stake
(Bloomberg) Shares of Rivian Automotive Inc. fell more than 17% on Monday after reports emerged that Ford was selling its 8 million shares in the company at a discount. The…
Rivian Produced 2,553 Vehicles in Q1 22, Says Its on Course to Reach Annual Target
(Rivian) Rivian Automotive announced that it produced 2,553 vehicles at the Normal, Illinois, facility in the first quarter of 2022. The company said it delivered 1,227 vehicles in the same…
Why Rivian Automotive Is a Strong Buy After Pull Back
Rivian Automotive Inc. (NASDAQ: RIVN), dubbed the Tesla Inc. (NASDAQ: TSLA) - Killer, is a force to reckon with in the burgeoning electric vehicle space. The company has got loads…
Rivian Automotive Prices IPO at $78 a Share, Above Previous Raised Target
(Bloomberg) Rivian Automotive Inc. is expected to debut its IPO at $78 per share, which is above the raised target of $72 to $74 apiece announced on Friday last week.…
Amazon-Backed EV Start-Up Rivian Eyes $60B IPO Next Week
(WSJ) Rivian Automotive Inc., an Amazon-backed electric-vehicle startup, is looking to sell its shares between $57 and $62 a piece in a public listing next week that will value it…