Rivian Automotive (NASDAQ: RIVN) has faced a turbulent 2024, with supply chain issues, production shortfalls, and broader EV market struggles weighing heavily on its stock.After slashing its annual production forecast and missing key delivery targets, investors are left wondering where Rivian’s stock could be heading as the year comes to a close.Rivian one-day stock price. Source: Google FinanceCurrently, the stock has dropped by 56% year-to-date and is trading at $10.18. The company’s recent challenges, co ...

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These two EV stocks have plenty of growth ahead.Want to add massive long-term growth potential to your portfolio? Check out electric car stocks.Many EV makers have seen their sales skyrocket in recent years. Yet their stock prices haven't always followed suit, creating several compelling buying opportunities over the years. This month looks like an especially great time to jump in.If you want to buy into the world's adoption of EVs -- a story that is truly a multi-decade growth opportunity -- then these two ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of RIVN either through stock ownership, options, or other derivatives. I wrote this ...

I think Rivian (NASDAQ: RIVN ) is misunderstood, but recognize this is a high-risk investment. Specifically, Rivian lost $2.859 billion from operations in 1H 2024. The firm only has $7.867 billion in cash andI'm currently looking for an analyst position. If you like my articles, please shoot me a DM on here or add me on LinkedIn.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hou ...

Company Overview - Rivian Automotive has seen its annual sales grow from millions to over $5 billion since its IPO in 2021 [1] - The company's market capitalization has declined from over $100 billion to $10 billion during the same period [1] - Rivian is currently losing around $32,000 per vehicle produced, though this represents a $6,000 improvement from last quarter [5] Product Development - Rivian plans to launch three new mass-market vehicles (R2, R3, R3X) starting in 2026, all priced under $50,000 [3] - The company's electric vehicles have received high praise, with Rivian ranking as the top brand in a recent Consumer Reports survey [2] Financial Performance - Rivian's CEO has promised to achieve positive gross margins by the end of 2024, which would eliminate the current $32,000 gross loss per vehicle [6] - The upcoming Q3 earnings report on November 5th could provide significant updates on the company's financial position and capital needs [4][7] Industry Context - The EV market has faced challenges in 2024, with slower-than-expected sales growth affecting even Tesla [3] - EV production remains capital-intensive, requiring billions in funding for design, production, and marketing [4] - Many EV startups have struggled with funding, leading to bankruptcies in the sector [4]

A component shortage is putting a dent in the company's operations.Like the electric vehicle (EV) sector it's a part of, Rivian Automotive (RIVN -1.54%) has been quite stop-and-start this year. One analyst feels this has left the pickup and SUV maker undervalued, even though he recently enacted a slight cut to his price target on the shares. Read on to find out why this pundit is still a Rivian bull.Still bullish despite the price target cutLast week, George Gianarikas of Canaccord Genuity shaved $2 per sha ...

The most recent trading session ended with Rivian Automotive (RIVN) standing at $10.42, reflecting a -0.48% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.71%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%.The the stock of a manufacturer of motor vehicles and passenger cars has fallen by 20.86% in the past month, lagging the Auto-Tires-Trucks sector's gain of 5.44% and the S&P 500's gain of 6.41%.The investment ...

Rivian stock can make you a millionaire. But there's a catch.I've written often about Rivian Automotive (RIVN 1.33%) in recent months. For investors who are hoping to pick the electric vehicle (EV) maker that could be the next Tesla, Rivian looks like the best bet. Based on the numbers, it's not hard to come up with scenarios where its shares soar by several times in value over the next few years.But if you want to profit from Rivian stock, you would be smart to follow this time-tested investing strategy: p ...

The electric vehicle stock is falling further because of one big reason.What goes up must come down. Rivian Automotive (RIVN 0.48%) stock's jaw-dropping rally in the three months through July appeared unsustainable, and that's what investors are witnessing now. The electric vehicle (EV) stock has slumped by double-digit percentages for two straight months now. After losing nearly 14% of its value in August, shares of Rivian have crashed another 20.6% in September, according to data provided by S&P Global Ma ...