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Rivian stock price forecast: here’s why RIVN could surge 125%
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, valuing the EV company at over $10 billion.
Why Rivian Shares Are Still Surging Today
Shares of Rivian Automotive (NASDAQ: RIVN) were still surging on Wednesday afternoon, after the company announced the closing of a deal with Volkswagen that could be worth well over $5 billion to the electric vehicle (EV) maker. As of 1:30 p.m. ET, Rivian's shares were up about 18.3% from Tuesday's closing price.
Why Rivian Stock Dropped Thursday
When initially announced, the deal that included direct investments into Rivian from Volkswagen and the creation of the JV was valued at a total of $5 billion. Upon closing the deal yesterday, the companies said that it now would be worth $5.
Rivian And VW Are Going At It Together
Rivian (RIVN) is losing over $1B per quarter, or $30K-$40K on each truck it sells, with current volumes not enough to sustain its spend rate. Unless it acted quickly, bankruptcy could have been in the cards,
Why Rivian Stock Is On Fire Today
Amid all of its struggles in recent years, the biggest hope for Rivian has been its collaboration with Volkswagen Group, which has backed the EV maker's technology and is an investor. Yesterday, the two companies struck their biggest deal yet,
2d
on MSN
Rivian Appears Ready to Solve Its Biggest Problem. Is the Stock a Buy?
Since it went public back in 2021, Rivian Automotive (NASDAQ: RIVN) has done a good job of selling its electric vehicle (EV) ...
1d
on MSN
Top Stock Movers Now: Albemarle, Rivian, Spirit Airlines, and More
Spotify posted a big jump in monthly active users, and shares rose.A report that it might soon declare bankruptcy sent shares ...
2d
Rivian Stock Races Higher After The Bell: What's Going On?
Rivian Automotive shares are moving higher in Tuesday's after-hours session after the company announced the launch of its ...
9d
Is Rivian Stock a Buy Before Nov. 7?
Rivian
's
stock
has paid the
price
, dropping by about 57% so far this year. The company has set itself up for a ...
6d
on MSN
Rivian stock drops as full-year loss projection widens, but 'modest gross profit' still expected in Q4
Rivian reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric ...
2d
Rivian Stock Gains On $5.8 Bln JV With Volkswagen
Shares of Rivian Automotive, Inc. gained around 10 percent in the extended trading on Nasdaq on Tuesday after the electric vehicle ...
24/7 Wall St
6d
Rivian (RIVN) Price Prediction and Forecast 2025-2030
Electric vehicle maker
Rivian
Automotive (NASDAQ: RIVN) IPO’ed in November 2021 and immediately made a splash with its
stock
price
skyrocketing to $180 in just its first week of trading.
Electrek
2d
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
Money Morning
1d
Three Stocks: Rivian, Cisco, and Spotify
Despite a 9% decline in product revenue, Cisco saw a 6% increase in services revenue. One standout was the robust growth in ...
22m
on MSN
Tesla Stock Rebounds. Wall Street Is Weighing EV Tax Credit Changes.
The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.
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