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Tesla (TSLA 6.18%) has dominated the electric vehicle (EV) market for over a decade, but the company's core business has begun to struggle. Rivian Automotive (RIVN 7.80%), meanwhile, is still in the early innings as an automaker, but is starting to hit important milestones.
After two straight quarters of positive gross margins, Rivian Automotive (RIVN 7.80%) returned to producing negative gross margins in the second quarter. This largely appears to be due to higher material costs, as China's cutback on the export of heavy rare-earth metals in the quarter disrupted supply chains and drove up the cost of electric vehicle (EV) production.
Zacks.com users have recently been watching Rivian Automotive (RIVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Rivian Automotive (RIVN -1.96%) is about to enter one of the most exciting growth spurts in its history. It plans to launch a new discounted model in as little as six months, with two more new models to follow soon after.
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Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are changing hands for about the same price as a week ago, while the Nasdaq has retreated modestly.
Rivian stock price has held steady in the past few days, even as the company warned of a $100 million hit to its revenues after the relaxation of fuel economy rules by the Trump administration. RIVN was trading at $12.4 on Monday, higher than this month's low of $11.5.
Shares of Rivian Automotive (NASDAQ:RIVN) gained 2.65% over the past five trading sessions.
Tesla, Rivian, and Lucid all profit from selling regulatory credits to rivals who haven't sold enough EVs. Now, the Trump administration is gutting the credit scheme, and it's causing the three companies a serious headache.
Rivian's sideways trading has played out as expected, thanks to the ongoing macro and regulatory headwinds observed in the automotive/EV industry. Given the net tariff impact of "a couple of thousand dollars per unit" and the rollback of fuel economy rules, we may see the automaker's margins further disappoint ahead. Even so, we cannot deny RIVN's robust high-growth prospects from H1 '26 onwards, thanks to the upcoming launch of R2 and the substantially completed capacity expansion.