Latest news with #Rivian
Yahoo
31 minutes ago
- Automotive
- Yahoo
Why Are Rivian (RIVN) Shares Soaring Today
What Happened? Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6% in the afternoon session after the company announced it will establish a new East Coast headquarters in Atlanta. The new office, expected to open in late 2025, will bring the EV automaker closer to its new $5 billion manufacturing plant currently under construction in Georgia. The headquarters will eventually house up to 500 employees, deepening the company's operational footprint in the U.S. Southeast. This strategic expansion reinforces Rivian's commitment to the region as it prepares to launch its next-generation, more affordable R2 and R3 vehicle platforms. Broader economic news also provided a tailwind for the stock. The consumer discretionary sector, which includes automakers, received a boost from a new report showing that U.S. retail sales rose a better-than-expected 0.6% in June. This suggests consumer spending remains strong, a positive sign for companies selling big-ticket items like electric vehicles. Is now the time to buy Rivian? Access our full analysis report here, it's free. What Is The Market Telling Us Rivian's shares are extremely volatile and have had 36 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock dropped 3.1% after Guggenheim analyst Ronald Jewsikow moved the electric vehicle maker's rating to 'Neutral' from 'Buy'. The downgrade reflects growing concerns over weakening demand for Rivian's current R1T pickup and R1S SUV models. Guggenheim also pointed to headwinds from recent U.S. policy changes, including the elimination of the $7,500 federal EV tax credit, which could negatively impact future sales and profitability. The firm lowered its 2028 sales forecast for Rivian significantly, from 185,000 units to 150,000, citing the softer demand for the R1 platform as a potential negative indicator for the upcoming, lower-priced R2 and R3 models. Rivian is up 4.3% since the beginning of the year, but at $13.82 per share, it is still trading 21% below its 52-week high of $17.50 from July 2024. Investors who bought $1,000 worth of Rivian's shares at the IPO in November 2021 would now be looking at an investment worth $137.24. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. 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
Auto Blog
7 hours ago
- Automotive
- Auto Blog
New Tesla Model 3+ Could Hit 500 Miles on a Charge
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. View post: Every Electric Pickup Truck Ranked By 2025 Sales So Far View post: EVs Pay Off Their Carbon Debt in Just 2 Years — After That, It's No Contest View post: What It Actually Costs to Replace a Mild Hybrid Battery in 2025 Tesla Has Improved the Model 3, But There's Room for Growth Last year, Tesla unveiled a major update for the Model 3, the first redesign since its launch. The update first appeared in China before a roll-out to North America, featuring aerodynamic improvements, sleek styling tweaks (such as revised taillights and smoother front fascia), and a quieter cabin thanks to acoustic laminated glass and refined wheel/tire combination. Rivian R1T delivers on this EV feature that Tesla forgot Watch More The refreshed Model 3 Long Range RWD offers 363 miles under EPA, marking a 10% improvement in efficiency and range over previous versions. Despite these substantial upgrades, the Model 3's range still leaves room for growth, especially with newer rivals in the market. Tesla might be working on that, though, as a new 'Model 3＋' has emerged, spotted in China's regulatory filings by CarNewsChina. A Better Battery Comes the '+' The Model 3＋ is a single‑motor, rear‑wheel‑drive variant, combining the efficiency of an RWD drivetrain with the energy density of an LG‑supplied ternary NMC battery, previously reserved for AWD trims. The result is a setup that aims to deliver the longest range yet on a Model 3. The base RWD in China (62.5 kWh LFP) achieves 394 miles CLTC, while the Long Range AWD (78.4 kWh NMC) hits 468 miles. By merging RWD efficiency with NMC's higher performance, analysts estimate the Model 3＋ could stretch beyond 497 miles under CLTC. There's also a power bump: filings from China's MIIT indicate a 302-hp RWD motor, up from the 260-hp motor in the existing base RWD variant. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. According to reports, Tesla plans to price it around 270,000 Chinese yuan, or around $37,600 at the current exchange rates, slotting it neatly between the base RWD and Long Range AWD trims, with a launch expected in early September. Of note, the CLTC cycle here tends to be more forgiving than the EPA ratings in the US, so real‑world performance will likely fall short of the CLTC figures. The Battery Tech That Can Improve American Teslas The emergence of the Model 3＋ suggests a compelling opportunity for Tesla's American lineup. The automaker already offers a Long Range RWD with a 79.7 kWh NMC battery and 363 EPA‑mile range. Adopting the Model 3＋'s battery‑plus‑RWD setup domestically could edge the EPA range closer to 400 miles, especially if further efficiency optimizations are applied. Technical feasibility seems strong: the motor appears globally sourced (not China‑specific), and NMC packs are already built at Tesla's US plants. Key considerations will include cost, manufacturing complexity, and consumer appetite for another trim option. If the range boost is substantial – say, a 30–40‑mile gain over current Long Range models – it could become a high‑value, efficiency‑focused variant rather than just another price tier. Source: Tesla About the Author Jacob Oliva View Profile
Yahoo
13 hours ago
- Automotive
- Yahoo
2 Reasons Why Now Is the Time to Buy Rivian Stock
Key Points Tesla is stealing the headlines with its robotaxi service. But Rivian is quietly building toward a revolutionary 2026. Investors would do well to pay attention to this upstart rival. 10 stocks we like better than Rivian Automotive › Tesla is stealing the headlines with its latest robotaxi service, which recently launched in Austin, Texas. Rivian Automotive (NASDAQ: RIVN), meanwhile, has stayed in the shadows due to a lack of flashy milestones. But if you're looking to buy an exciting electric car stock that could one day become the next Tesla, it's time to take a closer look at Rivian. In 2026, everything will change for Rivian Right now, Rivian shares trade at a sizable discount to competitors like Lucid Group and Tesla. Lucid stock trades at 7.1 times sales while Tesla shares trade at an 11.5 multiple. Rivian shares, however, trade at just 2.7 times sales. Much of this discount is warranted. Rivian's sales growth should be a lot slower this year than Lucid's. Tesla, meanwhile, has a significant capital advantage, as well as long-term upside from exciting opportunities like its robotaxi division. Starting in 2026, however, everything will change for Rivian, reenergizing growth rates right as the stock's valuation hovers around multi-year lows. In early 2026, Rivian expects to begin production of the R2, a midsize SUV with an expected price tag of around $45,000. Soon after, production of the R3 and R3X -- midsize SUVs with even lower starting price points -- is expected to begin. By the end of next year, Rivian will potentially more than double its current lineup, adding significantly more affordable options that will attract the attention of tens of millions of new buyers. It won't just be sales that climb next year. Rivian's gross margin may also improve due to greater economies of scale. Already, the company has experienced a 34% drop in R1 manufacturing costs simply by getting the R2 ready for production. Overall margins may suffer from the recent elimination of federal regulatory credits. But Rivian's long-term, normalized margins should be on the rise. With shares trading at multi-year lows, now is the time to buy Rivian before these financial catalysts kick in next year. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. 2 Reasons Why Now Is the Time to Buy Rivian Stock was originally published by The Motley Fool
Yahoo
20 hours ago
- Automotive
- Yahoo
Rivian to open Atlanta ‘East Coast headquarters' as it prepares for nearby factory construction in 2026
Rivian is establishing its East Coast headquarters in Atlanta later this year to support operations at its second electric vehicle plant, set to begin construction in 2026, the company said. 'The office will open in late 2025, followed by further expansion in 2026 as construction accelerates at the company's new manufacturing site in Social Circle, just outside the city,' Rivian said July 17. Rivian will occupy the top floor and the lobby of the Junction Krog District building east of downtown, with about 100 employees to start. Head count will rise to around 500 over time, Rivian said. 'Atlanta embodies so much that makes Georgia great — top talent, exceptional creativity, and a desire to always be moving forward," Rivian CEO RJ Scaringe said in a press release. Rivian's main headquarters is in Irvine, Calif., and the EV maker has major software and engineering facilities in Palo Alto, Calif. Rivian plans to start vertical construction on its $6 billion Georgia factory in the Stanton Springs industrial park next year, the company said. In January, Rivian announced a $6.6 billion loan from the Energy Department for the plant, which will make the R2 and a smaller vehicle, the R3, starting in 2028. The plant will be built in two phases, each adding annual production capacity of 200,000 vehicles, Rivian said. The factory will span 16 million square feet. Rivian said the Stanton Springs plant will have about 7,500 workers. Rivian's first EV plant is in Normal, Ill. Future Product Rivian future product Find our what powertrains, redesigns and freshenings are planned for the next four years. View the list Brand future product timelines Sign up for the weekly Automotive News Mobility Report newsletter for the latest developments at the intersection of transportation and technology. Send us a letter to the editor Have an opinion about this story? Tell us about it and we may publish it in print. Click here to submit a letter to the editor. 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
Yahoo
a day ago
- Automotive
- Yahoo
Prediction: Rivian's New R2 Truck Will Be a "Tesla-Like" Turning Point for the Company
Key Points Rivian is an EV maker trying to break into the big leagues of the auto industry. The still-young company started out by focusing its efforts on high-end trucks. Its next big move will be an introduction of the R2, a truck for the mass market. 10 stocks we like better than Rivian Automotive › Tesla (NASDAQ: TSLA) made a decision when it built its business to start with high-end vehicles. And then it charted a path toward more moderately priced vehicles. That business move worked and now the company is sustainably profitable despite years of red ink at the get-go. Rivian Automotive (NASDAQ: RIVN) is currently in the red ink stage of its development, but it has Tesla-like ambitions and a key turning point could be fast approaching. What did Tesla do? The first Tesla was a fancy, high-end sports car. That vehicle proved to the world that electric vehicles (EVs) were a real product that customers would want to buy. For a long time the large automakers shunned EVs as not being viable. After Tesla proved the concept, it brought out sedans that would appeal to more than just car enthusiasts. Those higher-end EVs sold well and, suddenly, every major automaker realized that they had to make EVs. If they didn't jump on the bandwagon they could get boxed out of a new segment auto market. As that was going on, Tesla pivoted again, bringing out lower-cost models of its EVs that had mass-market appeal. That helped to boost sales volumes in the capital-intensive business and improve profitability. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Essentially, Tesla started with rich customers. But there are only so many rich customers. And, thus, it moved down market to build a sustainably profitable business. That's a simplification of a very long process, of course, but it is the general theme that's important. Rivian is following the Tesla playbook. Start high-end, then go mass-market Rivian currently makes two kinds of trucks, a delivery vehicle and a high-end consumer pickup truck. The delivery vehicle was an important proof of concept that helped the company develop its technology. It also allowed Rivian to generate some early revenue thanks to a relationship with Amazon. Consider the delivery truck similar to Tesla's sports car. As it was proving that its technology was reliable, Rivian was also building fancy high-end pickups for the consumer market. The trucks have been well-received, and Rivian has been able to ramp up production and fine tune its production processes along the way. In fact, it was able to turn a modest gross profit in the fourth quarter of 2024 and in the first quarter of 2025. This means that Rivian stopped losing money on every truck it sold, though costs further down the earnings statement, like research and development (R&D) and selling, general, and administrative expenses (SG&A), still leave it bleeding red ink. This is where scale becomes important. Rivian needs to spread its costs over more vehicle sales, which is basically what Tesla did. The next big vehicle release for Rivian is the R2, which is a lower-cost truck meant for the mass market. The goal is to start production in the first half of 2026. With around $7 billion of cash on the balance sheet and a key partnership with auto giant Volkswagen, it seems highly probable that Rivian gets that factory up and running. The real test of Rivian's business will come when it starts selling the R2. If sales are robust the company will have successfully taken Tesla's playbook and achieved similar wins. And the added volume from R2 sales should help move Rivian toward sustainable profitability, just like Tesla achieved. Rivian is high-risk, but executing well Rivian remains a high-risk investment that's only appropriate for more aggressive investors. If the company doesn't execute well it could still fall short of its goals in what is a very complex and competitive auto sector. However, the launch of the R2 could be the big turning point for Rivian that turns it into the "next Tesla." OK, no company is ever going to be Tesla, given that the company effectively created the EV space. But Rivian's R2 could make it the next best thing. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,060,406!* Now, it's worth noting Stock Advisor's total average return is 1,072% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Tesla. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Prediction: Rivian's New R2 Truck Will Be a "Tesla-Like" Turning Point for the Company was originally published by The Motley Fool
