RIVN Stock Recent News

If you're looking for huge growth potential, check out electric car stocks. These businesses are hard to get off the ground.

Oftentimes, when a young company such as Rivian Automotive (RIVN -2.25%) slashes jobs, it's not a good thing. That makes it understandable for some investors to glance at headlines and assume Rivian is in worse shape than we all thought.

Amazon (NASDAQ: AMZN) has been one of the best investments of all time. But the road hasn't always been easy for investors.

The EV party may still be raging on Wall Street, but JPMorgan just showed up to shut it down.

Rivian Automotive  (RIVN 0.38%) is one of the most exciting electric car stocks today. Over the next few years, its growth should explode higher thanks to the introduction of new, lower-priced models.

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News.

Shares of Rivian Automotive (NASDAQ:RIVN) lost 6.25% over the past five trading sessions, compounding their one-month loss to 11.46%.

The electric vehicle (EV) industry is having a moment right now. After a few years of rising consumer interest, government investments, and general optimism in the economy, EV makers now face rising costs, cutbacks in government-sponsored EV incentives, and consumers who are on the lookout for cheaper vehicle options.

Rivian Automotive (RIVN) reached $12.75 at the closing of the latest trading day, reflecting a -2.45% change compared to its last close.

Rivian (RIVN -2.56%) is forecasting a decrease in sales and an increase in spending, not usually a recipe for success.