RIVN Stock Recent News

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's sales base could rise 1,000% or more over the next five to seven years. If so, patient shareholders could lock in a value price for a high-growth stock.

Morgan Stanley revised its outlook on the US auto industry, lowering its assessment from ‘Attractive' to ‘In-Line', and downgraded major US automakers including General Motors, Ford, and Rivian as part of the exercise. This adjustment reflects increasing competitive pressures from China, rising inventory levels, and affordability concerns impacting domestic automakers.

Rivian Automotive (NASDAQ:RIVN) stock is down 5.4% to trade at $11.19 today, after the U.S.-based electric vehicle name was downgraded to "equal-weight" from "overweight" at Morgan Stanley.

After a promising start to the summer, shares of electric vehicle (EV) maker Rivian Automotive, Inc. NASDAQ: RIVN have been struggling for upward momentum. A solid 125% rally from April through July looked promising, especially as the stock was coming off an all-time low.

Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, just three years after promising to make the “natural world” a “stakeholder in our success.”

Many investors have been looking for the next Tesla. This EV stock could have what it takes, but investors must remain patient.

Rivian Automotive Inc. (NASDAQ: RIVN) saw its shares drop by 7.5% to $12.17 during Friday's trading session, reflecting a broader market pullback after a recent rally. The decline comes on the heels of the Federal Reserve's unexpected decision to cut interest rates, marking the first reduction in over four years.

Rivian is adapting to market conditions effectively.

Rivian's business model has become problematic because the company can't scale production effectively.