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.
Shareholders of Rivian would probably like to forget the past six months even happened. The stock dropped 20.5% and now trades at $10.91. This may have investors wondering how to approach the situation.
The U.S.-trade tensions are a concern for automakers, with potential for reduced production and higher costs. Tariffs on auto parts may have far-reaching supply chain impacts. Domestic production may limit impact for Tesla and Rivian, but GM and Ford face significant risk.
The EV industry saw major developments over the weekend, with Tesla's Model Y surging in China, its Model S/X retreating from Japan, Rivian unveiling its Georgia timeline and an ice cream truck partnership, and Trump's tariffs threatening the profits of Detroit's Big Three automakers.
Rivian Automotive, Inc. (NASDAQRIVN) today announced Sreela Venkataratnam as its new Chief Accounting Officer. Ms. Venkataratnam starts at Rivian on March 10 and will be responsible for overseeing accounting. In this role, Venkataratnam will head up Rivian’s financial reporting, tax and trade, internal controls and compliance, finance transformation management and manufacturing controllership.
Volkswagen is set to launch the ID. EVERY1, a budget-friendly electric vehicle designed for both consumers and businesses. Slated for production in 2027, it will feature an affordable starting price of 20,000 euros ($21,598) and offer innovative software updates, customizable options, and a spacious interior.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Winnebago (NYSEWGO) and the rest of the automobile manufacturing stocks fared in Q4.
