See the 2025 Rivian R1S & R1T California Dune Editions from Every Angle
You Need a Torque Wrench in Your Toolbox
Tested: Best Car Interior Cleaners
The Man Who Signs Every Car
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Rivian Stock Slips as Morgan Stanley Slashes Price Target to $12
Aug 12 - Rivian (NASDAQ:RIVN) stock dipped about 2.5% Tuesday morning after Morgan Stanley trimmed its price target to $12 from $13 while keeping an Equal-weight rating. Traders reacted to Morgan Stanley's cautious tone on Rivian's upcoming R2 launch and heavy capital needs to compete in autonomy. Rivian trades near $11.69 with a market cap around $14.5 billion and sits down more than 10% year-to-date. Warning! GuruFocus has detected 5 Warning Signs with RIVN. Morgan Stanley said Rivian shows promise in AI-enabled autonomy but expressed reservations about the steering-wheel-equipped R2 and current EV demand headwinds. The bank also noted that Rivian's Volkswagen partnership may steady volatility but could cap upside. Other brokers downgraded pressure: UBS cut its target to $12, DA Davidson to $13, TD Cowen to $13, Piper Sandler to $14, and Stifel to $16, each pointing to margin pressure, tariff effects, or production downtime ahead of R2. Collectively, analysts weigh between the long term potential of Rivian and near term risks of execution. As it gets ready to launch the next batch of vehicles, investors will be eyeing R2 rollout information, margins forecast and cash management by the management. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
16 hours ago
- Fast Company
The decades-old design trick that makes every EV logo look the same
BY Maybe you've noticed it while driving down the road. The chrome logos. The sleek sans serif fonts. It can be hard to tell one electric vehicle brand from another. There's a reason EV brands like Tesla, Rivian, BYD, Neta, Jaguar, and Zeekr have become a sea of sameness, and it all comes down to a single influence: Many of today's most technologically advanced cars owe their aesthetic to a decades-old vision of the future. Most EV brands use a font that includes cutouts, slashes, or entire missing segments. This is a font style called 'stenciling,' and if it looks inherently futuristic, that's because it's most often used in science fiction media. 'It's shorthand for the future,' says Stephen Coles, editorial director and associate curator at Letterform Archive in San Francisco, who also authors a blog called Chromeography about the history of car branding.
Business Insider
a day ago
- Business Insider
Charged: Tesla disbanding Dojo supercomputer team
Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. From the hotly-debated high-flier Tesla (TSLA), Wall Street's newest darling Rivian (RIVN), traditional-stalwarts turned EV-upstarts GM (GM) and Ford (F) to the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with 'Charged,' a weekly recap of the top stories and expert calls in the sector. Click here to check out Tesla's recent Media Buzz Sentiment as measured by TipRanks. DOJO TEAM DISBANDED: Tesla is disbanding its Dojo team and the project's leader Peter Bannon will be leaving the company, Edward Ludlow of Bloomberg reports, citing people familiar with the matter. The team lost about 20 workers recently to DensityAI and the remaining Dojo workers will be reassigned to other data center and compute projects, sources added. Additionally, Bloomberg's sources added that Tesla plans to increase its reliance on external technology partners, such as Nvidia (NVDA) and AMD (AMD) for compute and Samsung (SSNLF) for chip manufacturing. RIVIAN RESULTS: Rivian reported Q2 losses per share (97c) and Q2 revenue $1.303B, with consensus at (78c) and $1.29B, respectively. RJ Scaringe, Rivian Founder and CEO, said, 'This quarter we made significant progress in R2 development and testing. We also substantially completed the expansion of our Normal, Illinois facility and have begun installing manufacturing equipment in preparation for our start of production. Along with R2, our autonomy platform continues to be one of our major focus areas, and we're excited to share more of our roadmap later this year.' Rivian said it sees FY25 adjusted EBITDA of (2B) -($2.25B), FY25 vehicles delivered 40,000-46,000, and FY25 capital expenditures of $1.8B-$1.9B. The company is maintaining its 2025 delivery guidance range of 40,000 to 46,000. Because of some of the recent changes associated with regulatory credits and its second quarter performance, the company is increasing its guidance for adjusted EBITDA losses to ($2,000) million – ($2,250) million. LUCID RESULTS: Lucid Group (LCID) reported Q2 adjusted losses per share (24c), with consensus at (22c), and Q2 revenue of $259.4M, with consensus at $262.64M. Produced 3,863 vehicles in Q2. Delivered 3,309 vehicles in Q2; up 38.2% compared to Q2 2024. 'We had our sixth consecutive quarter of record deliveries in Q2 and expect to continue this trend as we ramp up Lucid Gravity production in the second half of the year,' said Marc Winterhoff, Interim CEO at Lucid. 'In Q1, we mentioned our ongoing partnership discussions to develop new revenue streams for our EV technology and beyond. The robotaxi partnership we announced with Uber and Nuro is a perfect example aligned with that strategy. We also continued to double down on increasing our brand awareness, introducing Timothee Chalamet, an award-winning actor and cultural icon, as our first global brand ambassador.' 'We delivered solid performance despite a challenging macroeconomic backdrop, thanks to the adaptability and focus of our team in navigating a dynamic environment,' said Taoufiq Boussaid, CFO at Lucid. 'We are focused on business fundamentals to achieve our near-term goals: disciplined cost management, brand building, and continuing to execute our Lucid Gravity launch ramp. We remain committed to strengthening our balance sheet and maintaining long-term alignment with partners and shareholders.' ACQUISITIONS: Archer (ACHR) announced two strategic acquisitions to accelerate the development of its next-generation defense aircraft. One of the acquisitions is of a patent portfolio and hiring of key talent from Overair, a spin-off of Karem Aircraft. The other is the acquisition of key composite manufacturing assets and a ~60,000 square foot manufacturing facility from Mission Critical Composites, a specialized defense composite manufacturer in Southern California.
