IRVINE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced that on Monday, Sept 9th, 2024, at 08.50am PT, Rivian’s CFO, Claire McDonough will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference. A live webcast will be available here. Investor Contactir@rivian.com Media ContactHarry Porter – media@rivian.com About Rivian: Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-de ...

Many EV stocks have high upside potential. But this is your best bet right now.It's not easy being in the electric vehicle (EV) market right now. Sales so far in 2024 have lagged expectations, with some manufacturers pulling back plans to expand their electric vehicle lineup. But if you're a long-term investor, now could be the best chance in years to put some money to work. Out of all the EV stocks, one in particular has my eye right now.The EV hype train has crashedA few years ago, the market couldn't get ...

Rivian stock has cratered over 40% so far in 2024.The S&P 500 and Nasdaq Composite have held up well so far in 2024, but one stock that hasn't been such a great investment is Rivian Automotive (RIVN 2.87%). Shares of the electric carmaker are down nearly 45% in 2024. At just $13 per share, Rivian stock is dangerously close to all-time lows.Could this be an opportunity to buy the dip, or are investors best off avoiding a potential falling knife?The good news with RivianBack in June, Rivian announced the form ...

Graphing Rivian's gross profit shows that progress doesn't generally happen in a straight line.One of the biggest talking points for Rivian (RIVN 2.87%) has been that it will generate positive gross profit in the fourth quarter -- and it's a big milestone worthy of celebration. But the truth is when you look at the progress the company has made so far, it becomes evident how much work the company has remaining. This becomes a little more nerve-wracking when deliveries are expected to be roughly flat year ov ...

Bullish on EV stocks like Rivian? This statistic suggests you may be right.EV stocks have had a rough year. Rivian (RIVN 2.87%) shares, for example, are down by 40% since 2024 began. Tesla's stock price, meanwhile, has fallen by more than 10%, wiping out roughly $70 billion in value.There are several reasons for the decline in valuations. But if you're still bullish on EV stocks long term, there's one statistic that you should know about. It's perhaps the biggest reason why investors shouldn't abandon EV st ...

A fire damaged multiple vehicles at Rivian's manufacturing plant in Normal, Illinois, this weekend.Rivian Automotive (RIVN 2.62%) shares jumped as much as 5.4% Monday morning after an eventful weekend for the company. The move higher looks to be a bit of a relief rally on two fronts.As of 12:20 p.m. ET, shares of the electric vehicle (EV) maker remained higher by 2.6%. The move comes after reports that a fire at the company's sole manufacturing facility over the weekend damaged multiple electric vehicles bu ...

The electric vehicle manufacturer's second-quarter numbers looked particularly bad, but less so when looking from a long-term perspective.Rivian (RIVN 8.98%) lost a lot of money again in the second quarter of 2024. This is something investors should expect to continue, with management anticipating only a "modest" gross profit, at best, by the fourth quarter of the year. Given that data and outlook, is it worth buying an upstart electric vehicle (EV) maker that is still trying to get its business up and runn ...

Rivian's next EV will drive the stock -- the question is in which direction.Rivian Automotive (RIVN -4.00%) recently released its second-quarter earnings update, and there were no real surprises. But it's likely we are in the calm before the storm for Rivian, and investors should start paying attention.That's because the electric vehicle (EV) start-up is getting ready to begin production next year on the R2 SUV, its first new model. The smaller and less expensive R3 will follow. If these new EVs launch succ ...

2025 might seem like an empty year for Rivian, but investors shouldn't overlook this aspect of its business.Long-term Rivian (RIVN -4.00%) investors might be experiencing some angst. The stock is down 85% since its late-2021 IPO. But while the electric vehicle (EV) industry trudges along with slower-than-anticipated growth, it's still rapidly evolving with cost cuts, vehicle launches, and improved battery technology, among other developments.The question facing Rivian investors is, how does the company brid ...

Rivian announced a temporary suspension in production of its Amazon delivery vans.Rivian Automotive (RIVN -3.74%) shares were dropping on Friday afternoon after the company made a surprising announcement. While most of the focus on the electric vehicle (EV) maker has recently related to the unveiling of its next-generation SUV, today's news was about its commercial delivery vans.Shares plunged as much as 5.5% on news that the company has suspended production of the vans destined for e-commerce giant Amazon. ...