Rivian (RIVN, Financial) experienced a 6.3% decline in pre-market trading, approaching its lowest point in over four months. This drop follows the electric vehicle manufacturer's announcement of production disruptions, leading to a reduced delivery forecast for the year.For the third quarter ending September 30, Rivian reported deliveries of 10,018 vehicles, marking a 35.6% decrease compared to the previous year. Production fell by 19.3% to 13,157 vehicles. The company attributed these disruptions to a shor ...

Rivian says it will build fewer vehicles this year than it did in 2023, the result of a supply chain problem that popped up in the third quarter that has “become more acute in recent weeks.”The company did not specify what specific component is impacted. It only said that it is one shared by its R1 platform (which powers its pickup and SUV) and the RCV commercial van, and that it is located in the electric motors. The result is that Rivian now expects to finish 2024 having built between 47,000 and 49,000 ve ...

The electric vehicle maker has massive upside potential, but how have shares performed recently?There's no doubt about it: Rivian (RIVN 1.92%) stock has massive long-term upside potential. Its current market cap is just $13 billion -- $800 billion less than its biggest competitor in the electric vehicle (EV) space, Tesla. With new mass-market models on the way, we could see Rivian's valuation soar over the coming years. But how have the shares performed since the company went public roughly three years ago? ...

Rivian has a lot going for it, but one task assigned to the R2 will be a massive undertaking.Rivian (RIVN 3.85%) has a lot going for it right now. The company is charging ahead toward positive gross profits in the fourth quarter, starting a pre-owned program to generate new revenue, expanding its leasing program, building delivery vans for Amazon and AT&T, and most of all preparing its upcoming product pipeline of the R2, R3, and R3X, among other things. Despite the excitement surrounding the R2, there's a ...

This could be the biggest five-year stretch in Rivian's history.A lot has changed for Rivian (RIVN 3.85%) over the last five years. And there could be even more change to come over the next five years. Right now could be an incredible time to invest in this up-and-coming electric vehicle (EV) maker. Here are two major events to expect in the near future.This major catalyst could happen very soonIt's no secret that manufacturing cars is a capital intensive business. It takes billions of dollars to design a v ...

Rivian has managed to create a strong brand, among other factors that make it a stock to buy.While electric vehicle (EV) sales growth in the U.S. hasn't been as explosive as anticipated, the truth is that EVs are here to stay and are poised to boom in the years ahead. If you're buying into the long-term EV thesis, it's compelling to try to find the next Tesla-like investment.Here are a few reasons EV maker Rivian Automotive (RIVN 1.27%) could be next in line to make a name for itself in this budding industr ...

After a brief spike, shares are back in value territory.Rivian Automotive (RIVN -6.84%) was once one of the hottest stocks in the world. In 2021, the shares peaked with a total valuation of $150 billion -- roughly 10% of Tesla's market capitalization. The stock was valued at nearly $130 per share. Today, that share price is below $13, with a total market valuation of just $12 billion -- or only a fraction of its earlier size.So is now the time to buy? If you're looking for maximum growth potential, this cou ...

With the S&P 500 sitting richly above 5,700, one mantra has guided my investment philosophy since the Fed rate cuts were announced: go against the grain and invest in stocks that others are dumping.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He ...

One of the EV industry's biggest fans has lost his enthusiasm for Rivian stock.Rivian Automotive (RIVN -6.00%) stock was trading down by 4.8% as of 1:20 p.m. ET Wednesday after Morgan Stanley analyst Adam Jonas downgraded the stock one notch from overweight (i.e., buy) to equal weight (i.e., hold).Jonas' note on Wednesday regarding Rivian was only one facet in his broader downgrade of the entire U.S. automotive industry: He also downgraded Ford (F -3.96%) to equal weight and reclassified General Motors (GM ...

Rivian Automotive (NASDAQ:RIVN) stock is down 5.4% to trade at $11.19 today, after the U.S.-based electric vehicle name was downgraded to "equal-weight" from "overweight" at Morgan Stanley. The analyst in coverage also trimmed its price target to $13 from $16, expressing uncertainty over achieving positive free cash flow in the next five years. The price-target cut is especially notable, considering RIVN's consensus 12-month price target of $17.68 is a 58% premium from its current perch. And for a stock dow ...