From an operational standpoint, both Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) had choppy years in 2024. However, Tesla's stock skyrocketed higher, while Rivian saw its shares finish the year much lower,
Rivian’s pricing strategy was equally bold. The R1T Launch Edition was priced at $75,000, slightly undercutting the Tesla Model X at $79,990, while the R1S SUV was set at $77,500. This positioning wasn’t just about competition; Rivian was directly targeting one of Tesla’s most profitable segments.
While Rivian has immense upside if it were to achieve the P/S valuation its competitors boast. The truth is that it could be a bumpy year for the EV maker's stock price. There are two primary reasons for this: the incoming administration and lack of 2025 catalysts.
Investors in young EV start-ups, such as Rivian and Lucid, should be terrified of some recent numbers from Japan. In a groundbreaking victory, Chinese juggernaut EV maker BYD ( BYDDY 2.01%) officially outsold Japanese carmaker Toyota with EVs in the latter's homeland during 2024.
Rivian (NASDAQ: RIVN), and Aehr Test Systems (NASDAQ: AEHR) rallied on Wednesday, up 5.2%, 4.7%, and 15.8%, respectively, as of 11:30 a.m. ET. There wasn't much company-specific news today, so the across-the-board rally likely had to do with today's important inflation report.
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.
Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same location as the old factory of Lordstown Motors Corp.
Cybertruck emerged as the bestselling electric pickup in the U.S. over Q2 2024 as production ramped up and the company focused on fulfilling the backlog of orders.
Electric vehicle maker Rivian Automotive said it has finalized a $6.6 billion loan agreement with the federal government just days before the Trump Administration takes over.
TSLA offers discounts on new Cybertruck models as its high price, repeated recalls and production setbacks in Austin hinder growth.
Rivian's (NASDAQ: RIVN) stock price has been volatile over the last 12 months, gyrating in price between $8 and $20. If you've been looking for growth stocks with high upside potential, Rivian could be the perfect fit for your portfolio.
Investing in start-up electric vehicle (EV) makers such as Rivian Automotive (NASDAQ ... which eyeballs Tesla's Model 3 market, and was the best-selling imported EV in Japan by the end of the ...