The electric vehicle maker still looks deeply undervalued.Rivian Automotive's (RIVN -5.23%) stock tumbled 7% on Aug. 7 after it posted a mixed second-quarter report. The electric vehicle (EV) maker's revenue rose 3% year over year to $1.16 billion and exceeded analysts' expectations by $20 million.But its net loss widened from $1.2 billion to $1.46 billion, or $1.46 per share, missing the consensus forecast by $0.21. It slightly narrowed its adjusted earnings before interest, taxes, depreciation, and amorti ...

Sundry Photography If there was any takeaway from the second quarter earnings of Rivian Automotive (NASDAQ:RIVN) yesterday, it was that it is becoming increasingly imperative for the electric-vehicle company to institute major cost cuts in order to improve its profitability. The electric-vehicle company reported a slightly lower loss than expected for the second quarter, but Rivian Automotive’s cash reserves continue to dwindle. I think that Rivian Automotive is overall on a good path, particularly beca ...

Klaus Vedfelt Investment Thesis After its IPO in 2021, Rivian (NASDAQ:RIVN) was valued at over USD 100bn, more than Ford (F) or General Motors (GM). That has now come down to less than 14bn, after a 50% rally last month. Rivian had announced a deal with Volkswagen Group (OTCPK:VWAGY), where it will receive USD 1bn in December this year and possibly 4bn more until 2026 for a joint venture to develop software-defined vehicle platforms together. Source: Seeking Alpha It remains to be seen what kind of comp ...

Rivian Automotive (NASDAQ:RIVN), the high-profile electric vehicle startup, has been a company I’ve watched with great interest since its blockbuster IPO in 2021. As one of the most well-funded EV startups, Rivian’s journey has been closely followed by investors hoping that Rivian stock could emerge as a viable challenger to Tesla’s (NASDAQ:TSLA) EV dominance.However, after digging into the company’s latest Q2 2024 earnings report, I believe Rivian’s path to profitability and long-term success remains highl ...

Rivian Automotive TodayRIVNRivian Automotive$13.78 -1.02 (-6.89%) 52-Week Range$8.26▼$25.73Price Target$19.67Add to WatchlistRivian NASDAQ: RIVN made progress on several fronts in Q2 and reached a pivotal quarter, at least in the eyes of its CEO. However, despite the good news, the stock price will return to $10 and may move even lower. The reason is simple. Rivian isn’t making money but burning it. Costs are up YoY despite cost-control efforts, and it’ll be a long time until true profitability is reached.  ...

Rivian (NASDAQ:RIVN) has greatly reduced its costs and continues to expect to generate positive gross profit in the fourth quarter of this year and in all of 2025.There are multiple signs that the company’s brand remains extremely strong, driven by great, widespread appreciation for its EVs. Importantly, the automaker continues to have tremendous opportunities on many fronts. These include its partnership with Volkswagen (OTCMKTS:VWAGY); the launch of its new, less expensive EVs; its plans to enter Europe o ...

Electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) is seeing its hopes for a return of bullish momentum stunted after a disappointing showing in the second quarter. During the period, losses widened despite the company focusing on cost management. In addition, while RIVN stock enjoys overall positive consensus among analysts, many firms downgraded their price-per-share expectations.According to a CNBC report, Rivian delivered the goods on paper. The EV manufacturer posted an adjusted loss per share of ...

Key TakeawaysRivian Automotive's second-quarter loss increased as it continued to lose money on each electric vehicle it sells.Deliveries outpaced production as the company retooled its manufacturing plant.Rivian affirmed its full-year production, adjusted EBITDA, and capital expenditure outlooks. Shares of Rivian Automotive (RIVN) fell Wednesday, a day after the electric vehicle (EV) manufacturer's second-quarter net loss widened as it continued to lose money on each unit it sells. The maker of the R1T pic ...

Rivian says cost cuts will make a difference for the balance of 2024.Rivian Automotive (RIVN -3.28%) didn't hit investors with any major surprises in the second-quarter update it released Tuesday night. But apparently, that was a problem for some who wanted more.Rivian shares dropped sharply in early trading Wednesday. After bouncing back from a 10% fall, the stock was trading lower by 3.8% at 11 a.m. ET.Demand and cost cuts are driving RivianInvestors were disappointed with an adjusted loss that was bigger ...

California-based electric vehicle (EV) startup Rivian Automotive (RIVN) reported second-quarter 2024 results yesterday, after market close. Revenues came in lower than expected and the loss per share was also wider than the Zacks Consensus Estimate, causing the stock to plunge 6.7% in after-hours trading. Year to date, the shares have contracted 37%, underperforming the industry, sector and S&P 500. Does this dip present a buying opportunity? Let's delve into Rivian's investment potential following its late ...