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Rivian stock price forecast: here’s why RIVN could surge 125%
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, valuing the EV company at over $10 billion.
Why Rivian Stock Is On Fire Today
Shares of
Rivian
Automotive (NASDAQ: RIVN) catapulted this morning, surging 23.8% within minutes of the start of trading. The electric vehicle (EV)
stock
was trading 19% higher as of 10:45 a.m. ET Wednesday. Amid all of its struggles in recent years ...
Why Rivian Shares Are Still Surging Today
Shares of Rivian Automotive (NASDAQ: RIVN) were still surging on Wednesday afternoon, after the company announced the closing of a deal with Volkswagen that could be worth well over $5 billion to the electric vehicle (EV) maker.
Rivian And VW Are Going At It Together
Rivian (RIVN) is losing over $1B per quarter, or $30K-$40K on each truck it sells, with current volumes not enough to sustain its spend rate. Unless it acted quickly, bankruptcy could have been in the cards,
6m
Why Rivian Stock Dropped Thursday
Rivian Automotive ( RIVN -5.45%) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after ...
23h
on MSN
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating ...
17h
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
1d
on MSN
Rivian Appears Ready to Solve Its Biggest Problem. Is the Stock a Buy?
As noted above, Rivian's biggest issue has been its negative gross margin, which continued in the quarter. It reported a ...
23h
Top Stock Movers Now: Albemarle, Rivian, Spirit Airlines, and More
U.S. equities made small gains at midday as the October Consumer Price Index was in line with economists' estimates.
Money Morning
7h
Three Stocks: Rivian, Cisco, and Spotify
Despite a 9% decline in product revenue, Cisco saw a 6% increase in services revenue. One standout was the robust growth in ...
21h
Rivian stock surges as company expands joint venture with Volkswagen
Rivian stock is surging after the EV maker announced an expansion of its partnership with Volkswagen, with the German ...
1d
on MSN
Rivian Stock Soars on Upsized Volkswagen Joint Venture
Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with ...
1d
Rivian Stock Rallies as Volkswagen Joint Venture Is Upsized to $5.8 Billion
Volkswagen will invest up to $5.8 billion in Rivian stock and a joint venture—up from a $5 billion deal value envisaged when ...
1d
VW boosts investment in Rivian, but significant challenges remain
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
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