A recession would be bad news for Rivian, and the indicators aren't looking good.Shares of Rivian Automotive (RIVN -8.74%) fell sharply on Thursday afternoon, after new economic data stoked concerns about a potential recession.At 2 p.m. ET, Rivian's shares were down about 6.8% from Wednesday's closing price. The latest economic indicators don't look goodTwo new points of economic data raised worries about a potential recession.First, initial jobless claims rose to 249,000 last week, above the Dow Jones fore ...

There's been a changing of the guard atop a recent automotive survey.At long last, there's a chink in Tesla's (TSLA 4.25%) armor. The electric vehicle maker finally slipped from the top in a recent J.D. Power satisfaction survey.For many years, Tesla vehicles dominated multiple satisfaction surveys, but as the vehicles age without significant refreshes, it was inevitable that newer EVs would outscore it. Here's a look at which brands are thriving -– hint: Rivian (RIVN 1.17%) shined -- and why it matters for ...

I have never been much for tracking EPS and Revenues as the defining decision for whether or not to own a stock.Sometimes consumer instinct, even if that is in contrast to earnings, is the better judgement to use. Today, we tie this concept in to look at electric car maker Rivian. For example, Amazon took years to turn a profit, even though it was obvious to us that more and more people were using it to purchase EVERYTHING for the most part.Lately, I see more and more Rivians driving on the roads in our ...

Rivian (NASDAQ:RIVN) has popped recently. Rivian stock has gained approximately 16% over the past month. A significant portion of the gains have resulted from the June 26 announcement that Volkswagen Group (OTCMKTS:VWAGY) would invest up to $5 billion in Rivian as part of a joint venture between the two companies, focusing on next generation electronic architecture and software.As a part of the deal, VW will initially invest $1 billion, with the remaining $4 billion to flow over the next three years. As a r ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Rivian Automotive, Inc. (NASDAQ: RIVN). Shareholders who purchased shares of RIVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=92719&from=3 CLASS PERIOD ...

If you're looking to bet on EVs, this growth stock is for you.Betting on electric vehicle (EV) stocks can be a challenging endeavor. Tesla's stock price has risen 13,400% since going public. Other EV automakers, meanwhile, have gone bankrupt, with investors losing everything.There's one EV stock right now that could be the perfect blend of risk and reward. Its shares have lost 84% of their value since debuting in 2021. But if you want to add huge growth potential to your portfolio, this company could be the ...

I have long been skeptical about Rivian (NASDAQ:RIVN) as a company and Rivian stock.The California-based automaker, with an assembly plant in Illinois, is going through an Electric Vehicle version of Death Valley. It needs to stay afloat long enough to build a new plant in Georgia, which it was forced to delay in March.The plan is that the Georgia plant will, in 2027, deliver the R3. That’s a smaller, less expensive EV that might be competitive with what China is putting out right now.Getting from here to t ...

Rivian (NASDAQ:RIVN) stock is in focus after the German competition authority Bundeskartellamt gave it and Volkswagen (OTCMKTS:VWAGY) the green light to form a joint venture (JV). The Bundeskartellamt also approved of Volkswagen investing $1 billion into the electric vehicle (EV) company.Last month, Volkswagen announced that it would invest up to $5 billion into Rivian with plans to form a JV with the company based on software-defined vehicle (SDV) platforms. The JV is expected to begin operations during th ...

Not many electric vehicle (EV) stocks have thrived in the current market downturn, but Rivian (NASDAQ:RIVN) is bucking the trend. The EV upstart has seen multiple positive developments, pushing its stock price into high gear. However, despite Rivian stock surging by 94% in the past three months, several factors fuel skepticism over its long-term bull case. The flip side to that story is also somewhat compelling, making it best to hold Rivian stock now.Rivian was one of the many EV startups that went public ...