Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions. The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions. Read More
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Ford (NYSE:F) and the best and worst performers in the automobile manufacturing industry.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Electric vehicle stocks Rivian Automotive Inc (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ:LCID) are in the spotlight Wednesday after the pair of EV makers reported first-quarter financial results.
Electric vehicle manufacturer Rivian (NASDAQ:RIVN) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 3% year on year to $1.24 billion. Its non-GAAP loss of $0.41 per share was 44.4% above analysts’ consensus estimates.
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced its first-quarter 2025 financial results. Rivian achieved a gross profit of $206 million, its second consecutive quarter of gross profit. Hitting this milestone has unlocked an expected $1 billion investment from Volkswagen Group as part of its investment in Rivian following the formation of their joint venture - Rivian and VW Group Technology, LLC. The investment is expected to be funded on June 30, 2025.*
Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Rivian Automotive Inc. (NASDAQ: RIVN) is investing $120 million to build a supplier park in Normal, Illinois, aimed at accelerating EV production and adding nearly 100 direct jobs. The park will house key suppliers near its main plant to improve supply chain efficiency.
The EV maker expects construction to be completed by 2026 and sees key suppliers locating in the park, reducing shipping, logistics, and warehousing costs.
