The company is planning to launch at least 2500 stations nationwide. The R1T comes with 8 different drive modes geared for offroading, city adventures, and everything in between. Among the choices is the “Drift” mode which proactively distributes power to offset traction control and increase the “fun” factor.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter. The Rivian R1S began production in 2022 and began deliveries later that year. The R1S comes with a 260 to 320-mile range and can also wade through 3 feet of water. The R1S also boasts the ability to rock crawl up a 100% incline or 45-degree slope. Garrett Nelson expects to see difficulties in Rivian’s (RIVN) earnings after the closing bell.
- Ives has jostled his price target on Tesla shares a few times already this year, usually switching things up as the market sways and the company’s near-term outlook changes.
- The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles.
- Jack was named ‘CFO of the Year’ by Orange County Business Journal and Best CFO in the restaurant category by Institutional Investor,” Tesla wrote in its post on X.
- Rivian Automotive scored higher than 24% of companies evaluated by MarketBeat, and ranked 67th out of 84 stocks in the auto/tires/trucks sector.
Rivian Automotive Trading Down 4.4%
He highlighted Rivian’s “solid progress” toward key milestones. With Hartung’s addition, the Tesla Board will now have nine members. Prior to Hartung, the last addition to the Tesla Board was Airbnb co-founder Joe Gebbia back in 2022. As noted in a Reuters report, Hartung will serve on the Tesla Board’s audit committee.
Equity rebound, Dow Jones, dollar vs. gold: Market takeaways
Nevertheless, the big focus for Ives is evidently the launch of Robotaxi and the potential of the entire autonomous division that Tesla plans to offer as a ride-sharing service in the coming months. Ives also believes a 50 percent or more penetration of Full Self-Driving could totally transform the financial model and margins of Tesla moving ahead. Enter your email address and we’ll send you MarketBeat’s list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Enter your email to get this report and avoid a high-yield dividend trap. Rivian Automotive scored higher than 24% of companies evaluated by MarketBeat, and ranked 67th out of 84 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs. The company was founded in 2009 and is based in San Jose, California.
News
Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. Wedbush decreased their target price on Rivian Automotive from $20.00 to $18.00 and set an „outperform“ rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group restated a „hold“ rating and issued a $16.00 target price on shares of Rivian Automotive in a forex spread meaning [1] report on Wednesday, May 14th.
Banque Transatlantique SA raised its position in Rivian Automotive by 13,194.1% in the first quarter. Banque Transatlantique SA now owns 2,260 shares of the electric vehicle automaker’s stock worth $26,000 after purchasing an additional 2,243 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Rivian Automotive during the fourth quarter worth about $27,000. Finally, Orion Capital Management LLC bought a new position in Rivian Automotive during the fourth quarter worth about $34,000. Rivian (RIVN) posted first quarter revenue of $1.24 billion, which topped the Bloomberg consensus estimate of $981.2 million.
- Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company.
- However, xAI clarification hinted at future exploration in the prediction market, aligning with X’s goal to become an “everything app.” The speculation underscores AI’s potential to reshape predictive analytics.
- Hartung will officially start his tenure at the electric vehicle maker on June 1, 2025.
- As Rivian navigates trade challenges and scales production at its Illinois factory, its Q1 performance and analyst support signal resilience.
- Bloomberg reported Kalshi aims to use xAI for tailored insights, enabling users to wager on outcomes like Federal Reserve rate changes or elections through derivative contracts.
- The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets.
More recently, news emerged suggesting that the Tesla Board of Directors had formed a special committee aimed at exploring a new pay package for CEO Elon Musk. X dismissed rumors of xAI entering prediction market partnerships. In a recent X post, Elon Musk’s company clarified that xAI had not yet entered formal partnerships in the prediction market. As Rivian navigates trade challenges and scales production at its Illinois factory, its Q1 performance and analyst support signal resilience. With lower-priced EVs on the horizon, Rivian’s strategic moves could bolster its position in the competitive EV market, offering investors cautious optimism for long-term growth.
However, xAI clarification hinted at future exploration in the prediction market, aligning with X’s goal to become an “everything app.” The speculation underscores AI’s potential to reshape predictive analytics. Musk’s AI firm denied rumors of a Kalshi deal but left the door open. Prediction markets + AI could change how we forecast everything. There are some concerns moving forward, but none of which relate to the AI/autonomous play that Ives primarily focuses on within the Friday note. Instead, they are related to demand in both Europe and Asia, as Ives said, “there is still wood to chop to turn around Model Y growth” in both of those markets. On Monday, Rivian stock rose 2.7% to $14.64, slightly trailing the S&P 500 and Dow Jones Industrial Average, which gained 3.3% and 2.8%, respectively.
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Tesla has welcomed Chipotle president Jack Hartung to its Board of Directors. Hartung will officially start his tenure at the electric vehicle maker on June 1, 2025. X’s statement followed a Tuesday post by Kalshi, hinting at a collaboration with xAI, which was deleted hours later. Kalshi suggested that xAI could leverage AI to analyze X’s news and social media data, enhancing betting decisions on political and economic events. “Recent speculation about xAI’s involvement in the prediction market space has been circulating. While we’re enthusiastic about the potential of this industry and engaged in various discussions, what is etoro [2] no formal partnerships have been confirmed to date.
The company also reported a revenue of $1.24 billion compared to the $1.01 billion anticipated. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of -3.16 and a beta of 1.86. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $13.00 and a 200 day moving average price of $12.77. Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it ifc markets review [3] the lates… Rivian Automotive RIVN analysts break down first-quarter financial results and examine how the company’s revised vehicle delivery guidance could impact the stock.
The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles. In regard to its capabilities, the truck can go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems. Despite the intensified tariff war and the massive profitability impacts reported by its peers, RIVN has continued to reiterate their FY2025 bottom-line guidance.
However, the company did raise its capital expenditure forecast to $1.80 billion to $1.90 billion. Yahoo Finance Senior Autos Reporter Pras Subramanian reports the numbers. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets. The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result. That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed into stationary power packs when their EV lifespan is spent.
The uptick may also stem from broader market gains tied to news of a temporary U.S.-China tariff suspension. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Rivian’s Q revenue beat estimates, but automotive sales dropped significantly, and the company cut 2025 delivery guidance.
Performance overview: RIVN
Needham & Company LLC reduced their price target on Rivian Automotive from $17.00 to $16.00 and set a „buy“ rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price target on Rivian Automotive from $11.00 to $10.00 and set an „underweight“ rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Rivian Automotive has an average rating of „Hold“ and an average price target of $14.33.
Elon Musk
Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. Select to analyze similar companies using key performance metrics; select up to 4 stocks. Please bear with us as we address this and restore your personalized lists. So, again, like the good news about some of these legacy companies is that, you know, it’s a company that has a solid foundation, has good cash reserves, and this is nothing that can’t be fixed over the long term.