Rivian (RIVN 0.08%) hasn't had the best year in 2024. The stock has lost around half its value year to date as of this writing. But it wasn't because the company didn't try. In fact, the problems are more likely growing pains than anything else, given that the upstart electric vehicle (EV) company is focused squarely on reaching profitability as soon as possible. But investors need to tread cautiously -- buying Rivian comes with material risks. However, if Tesla (TSLA 3.69%) is any indication, there is mate ...

Quite unexpectedly, 2024 has not been a good year for electric vehicle makers thus far — at least for most of them. An unfavorable macro environment and stubborn supply chain issues, coupled with slowing demand have come together to form a market where just a couple of carmakers can win — while others are resigned to seemingly endless struggles.Rivian Automotive (NASDAQ: RIVN) stock has suffered quite a bit in this context —  at press time, one RIVN share was worth $12.22 — a 42.09% decrease on a year-to-da ...

Rivian Automotive (RIVN 3.37%) stock is on a roll. A recent move higher has gone into overdrive over the past two days. That's because of yesterday's announcement that many investors see as a pivotal moment for Rivian's long-term success.The company has received a conditional commitment from the U.S. Department of Energy (DOE) for a large loan that should support Rivian into its next phase of growth. That has shares moving higher again today by 3.7% as of 12:15 p.m. ET. The news, combined with progress in t ...

Rivian Automotive, Inc. (RIVN) has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump, who is anticipated to reverse many EV-friendly policies established by the Biden administration.The Georgia facility, set to manufacture Rivian’s smaller and more affordable R2 SUVs and R3 crossovers, is expected to begin operations in 2028. ...

I have a few central themes for 2025. Yesterday we discussed one of them: vanity stocks. Today we discuss another one: Electric Vehicles and Rivian (NASDAQ:RIVN).The ‘vanity’ trade is based on the diet drugs, and we have a few drug stocks we like. News today was that Biden administration is looking to expand coverage for the drugs through Medicare. That could be reversed by Trump of course, but I do not think it will be. The Electric Vehicle theme is not so popular given the tariffs and that President-e ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Investors are digesting a flurry of news surrounding electric vehicle (EV) maker Rivian Automotive (RIVN 1.65%). It seems the market doesn't know what to make of the mixed bag of information either.Rivian shares jumped as much as nearly 6% early today before turning negative by 3%. As of 10:55 a.m. ET, the stock had recovered and was trading higher by 3.2%.Rivian's capital influxThe big news from the EV start-up today was a commitment for a conditional loan of up to $6.6 billion from the U.S. Department of ...

Rivian Automotive (RIVN) stock is higher in Tuesday's session after the electric vehicle (EV) maker announced it has secured a conditional commitment for a loan of up to $6.6 billion from the Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) Loan Program. If finalized, the loan will be used to construct Rivian's next facility in Stanton Springs North, Georgia. This will allow the automaker to expand its domestic production and help fund its production of its midsize vehicles, Rivian sa ...

Key TakeawaysRivian announced late Monday that the EV startup has received initial approval for a loan from the U.S. government to build a factory in Georgia.The company could receive a $6.6 billion loan from the Department of Energy's Advanced Technology Vehicle Manufacturing program, pending legal and environmental hurdles.If the loan is approved, the Georgia facility would produce a projected 400,000 vehicles per year. Rivian (RIVN) announced late Monday that it has received "conditional commitment" from ...

Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia. The funds will come from DOE’s Loan Programs Office Advanced Technology Vehicle Manufacturing Loan Program. Rivian said it expects to begin operations at the Georgia factory in 2028 — four years later than originally planned. The factory will employ 7,500 by the end of 2030, a figure that is tied to an inc ...