Rivian Automotive Inc. ($RIVN) Stock Forecast: Down 6.0% Today

What is Rivian Automotive Inc.?

Rivian Automotive Inc. (RIVN) is an electric vehicle (EV) startup gaining attention for its innovative offerings and strong customer satisfaction.

Why is Rivian Automotive Inc. going down?

RIVN stock is down 6.0% on Dec 11, 2024 15:38

• Despite a Buy rating and a $18 price target from an analyst, Rivian's stock traded lower by 1.7%.
• EV charging stocks like TSLA, RIVN, BLNK, and CHPT saw a surge, reflecting interest in the EV sector, but this did not boost Rivian's stock.
• While Rivian customers are highly satisfied and loyal, this positivity may not outweigh broader market influences on the stock.
• The market sentiment towards EV stocks, including Rivian, appears mixed, with external factors impacting stock movements.

RIVN Price Chart

RIVN Technical Analysis

RIVN News

What's Going On With Rivian ( RIVN ) Stock? - Rivian Automotive ( NASDAQ:RIVN )

Rivian Automotive Inc RIVN shares are trading lower by 1.7% to $14.16 during Tuesday's session, pulling back following Monday's strength. Analyst Mickey Legg of Benchmark on Monday initiated coverage with a Buy rating and an $18 price target.

https://www.benzinga.com/news/24/12/42417665/whats-going-on-with-rivian-rivn-stock-10

Rivian Stock Surges Over 11% After Analyst Says It Is 'Well-Positioned To Gain Significant Share' - Rivian Automotive ( NASDAQ:RIVN )

Equity research analyst at The Benchmark Company Mickey Legg initiated coverage on EV startup Rivian Automotive Inc. RIVN on Monday with a "buy" rating and $18 price target.

https://www.benzinga.com/analyst-ratings/initiation/24/12/42408445/rivian-stock-surges-over-11-after-analyst-says-it-is-well-positioned-to-gain-significa

TSLA, BLNK & Other EV Charging Stocks to Watch in 2025

As EV adoption surges, demand for charging infrastructure rises. Watch TSLA, RIVN, BLNK, and CHPT for long-term potential in the EV charging space.

https://www.zacks.com/stock/news/2380701/tsla-blnk-other-ev-charging-stocks-to-watch-in-2025

Tesla's Challenges, Rivian's Triumph, And Lucid's Ambitions: This Week In EVs - Lucid Gr ( NASDAQ:LCID ) , Rivian Automotive ( NASDAQ:RIVN )

The past week has been a whirlwind in the electric vehicle sector, with significant developments involving major players like Tesla Inc. TSLA, Rivian Automotive Inc. RIVN, and Lucid Group Inc. LCID. From legal battles to production milestones, here's a look at the stories that shaped the weekend.

https://www.benzinga.com/tech/24/12/42380181/teslas-challenges-rivians-triumph-and-lucids-ambitions-this-week-in-evs

More Than Tesla, Rivian Customers Are Most Likely To Return To The Brand, Survey Shows - Rivian Automotive ( NASDAQ:RIVN )

Customers of EV maker Rivian Automotive RIVN are so satisfied with their vehicles that a whopping majority would prefer to buy them again, as per a recent survey. What Happened: Consumer Reports conducted surveys to zero in on Rivian to be at the top of its car brand satisfaction list.

https://www.benzinga.com/tech/24/12/42361181/more-than-tesla-rivian-customers-are-most-likely-to-return-to-the-brand-survey-shows

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Rivian Automotive Inc. Price History

02.11.2024 - RIVN Stock was down 5.2%

• Today's decline in RIVN's stock value could be linked to concerns raised by government officials, including Vivek Ramaswamy, about a loan provided by the Biden administration to the company, causing uncertainty among investors.
• Although well-funded investors are optimistic about Rivian Automotive in the options market, regulatory issues and potential legal disputes, pointed out by Elon Musk and Tesla Inc., may have influenced a shift in overall sentiment.
• Recent developments in the electric vehicle industry, such as Rivian's collaboration on powering upcoming Volkswagen EVs, may have impacted market dynamics, leading to a combination of positive and negative views among traders.
• Differing perspectives in the options market, with some investors being pessimistic about RIVN, could have intensified selling pressure, contributing to the stock's downward movement today.

15.10.2024 - RIVN Stock was down 14.4%

• Market whales have taken a bearish stance on Rivian Automotive, as seen through recent options trades, potentially influencing the stock's downward movement.
• A comparison between Tesla and Rivian highlights Tesla's profit power versus Rivian's cash burn, possibly contributing to investor concerns and the bearish trend in Rivian's stock.
• Despite a joint venture launch with Volkswagen valued at up to $5.8 billion, Rivian's stock still faced a bearish day, indicating that other market factors may be at play.
• Analysts predicting a 44.23% upside in Rivian's stock might not have had an immediate impact on the market today, as other news and factors overshadowed this optimistic outlook.

06.11.2024 - RIVN Stock was up 5.1%

• Rivian's stock experienced a bullish movement today, possibly fueled by the high customer satisfaction levels revealed in a recent survey, indicating strong brand loyalty.
• The bullish options market dynamics also suggest that deep-pocketed investors are optimistic about Rivian's future growth prospects.
• Criticism of Rivian's loan by a prominent figure and the competitive landscape in the EV sector could have influenced market sentiment. However, Rivian's positive customer feedback and strategic partnerships, such as powering upcoming Volkswagen EVs, have likely overshadowed these concerns, contributing to the bullish movement.

26.10.2024 - RIVN Stock was up 5.2%

• Rivian's stock surged after securing a substantial $6.6 billion loan commitment from the U.S. Department of Energy, boosting investor confidence in the company's expansion plans.
• Speculation about a potential settlement with Tesla over a 2020 lawsuit likely contributed to the positive sentiment surrounding Rivian, signaling a resolution to a longstanding legal battle and removing uncertainty for investors.
• Volkswagen's increased investment in Rivian to $5.8 billion through a new joint venture provided further validation of Rivian's potential in the EV market, attracting more interest from stakeholders.
• The overall positive news in the EV sector, including narrower losses reported by industry peers like NIO, XPeng, and Workhorse, created a favorable environment for Rivian's stock to thrive, reflecting a broader optimism towards electric vehicle companies.

10.11.2024 - RIVN Stock was down 6.5%

• Despite a temporary increase in Rivian's stock price following a positive analyst rating and a target of $18, the market sentiment shifted, leading to the bearish movement observed today.
• Although the EV sector, including companies like Tesla (TSLA) and Rivian, was viewed favorably for their EV charging prospects, this positivity did not reflect in Rivian's stock performance.
• Customer satisfaction and repeat purchase intentions for Rivian vehicles were high, yet external market forces likely influenced the stock's bearish trend.
• The EV industry's competitive nature, marked by developments from key players such as Tesla, Rivian, and Lucid Group, might have impacted the market's reaction to Rivian's stock movement.

27.10.2024 - RIVN Stock was up 5.1%

• Rivian experienced a surge in stock value following the approval of a substantial $6.6 billion loan by the U.S. Department of Energy. This financial injection will support Rivian's expansion of its EV production capabilities, reinforcing optimism in the company's future growth.
• The resolution of a legal dispute with Tesla from 2020, under a "conditional" agreement, likely bolstered positive sentiment towards Rivian, underscoring its adept handling of legal challenges.
• The formation of a joint venture with Volkswagen, accompanied by increased investment, underscores Rivian's strategic alliances in the competitive EV market, enhancing its market positioning.
• Improved quarterly earnings of industry counterparts like NIO, XPeng, and Workhorse reflect the generally favorable momentum in the electric vehicle sector, potentially influencing investor confidence in Rivian's growth trajectory and contributing to its stock uptick.

25.10.2024 - RIVN Stock was up 6.5%

• Rivian's bullish movement today could be attributed to the positive news surrounding the potential settlement of the lawsuit with Tesla over alleged trade secrets theft. This development signals a resolution to a long-standing legal battle, which could alleviate uncertainties and boost investor confidence in Rivian's future prospects.
• The expansion of Rivian's collaboration with XPEL to offer a new customization program for its electric vehicle owners could have also contributed to the bullish sentiment. This partnership enhances Rivian's customer experience and adds value to its product offerings, potentially attracting more buyers and investors.
• Despite the narrower year-over-year loss per share reported by NIO, XPeng, and Workhorse in Q3, Rivian's stock still managed to outperform today, indicating that investors may be particularly optimistic about Rivian's unique position in the EV market and its growth potential.

25.10.2024 - RIVN Stock was up 9.0%

• An increased investment in Rivian from Volkswagen to $5.8 billion has provided a significant cash infusion, boosting investor confidence in Rivian's growth prospects.
• The nearing settlement of the legal battle with Tesla over alleged trade secrets theft removes a major overhang on Rivian's stock, leading to increased optimism among investors.
• An expanded collaboration with XPEL to offer a new customization program for its electric vehicles could attract more customers and enhance Rivian's competitive edge in the market.
• Overall, these positive developments and partnerships have contributed to the strong bullish movement in Rivian's stock today, signaling a bright future for the company in the EV industry.

14.10.2024 - RIVN Stock was down 8.2%

• Rivian's stock plummeted due to concerns about its cash burn rate compared to competitors like Tesla, which has a more robust profit engine.
• Despite announcing a joint venture with Volkswagen valued at up to $5.8 billion, investors may still be wary of Rivian's financial sustainability.
• The recall of over 5,000 vehicles due to a software issue affecting exterior lights could have raised doubts about Rivian's quality control and operational efficiency.
• Analysts predicting a 44.23% upside in Rivian's stock may have provided a temporary boost, but overall market sentiment and concerns about the company's financial health likely overshadowed this positive outlook.

11.11.2024 - RIVN Stock was down 6.0%

• Despite a Buy rating and a $18 price target from an analyst, Rivian's stock traded lower by 1.7%.
• EV charging stocks like TSLA, RIVN, BLNK, and CHPT saw a surge, reflecting interest in the EV sector, but this did not boost Rivian's stock.
• While Rivian customers are highly satisfied and loyal, this positivity may not outweigh broader market influences on the stock.
• The market sentiment towards EV stocks, including Rivian, appears mixed, with external factors impacting stock movements.

09.11.2024 - RIVN Stock was up 6.5%

• Today's rise in Rivian's stock price can be linked to a recent survey indicating strong customer satisfaction and loyalty towards the brand, showcasing its market strength and growth potential.
• Positive market sentiment within the EV sector, including discussions on increasing EV adoption and the prospects of companies such as Rivian, TSLA, and BLNK, may have also influenced Rivian's upward momentum.
• Initial criticism of Rivian by Vivek Ramaswamy regarding electric vehicle loans and comparisons with competitors like Tesla might have briefly caused market uncertainty. However, subsequent positive news and customer satisfaction survey results likely reassured investors and contributed to the stock's upward trend.

09.11.2024 - RIVN Stock was up 5.2%

• Rivian's stock experienced a significant bullish movement today, potentially driven by favorable developments related to the company.
• High customer satisfaction and loyalty towards Rivian's vehicles, as indicated by a recent survey, may have instilled confidence in investors regarding the company's future.
• The positive momentum in Rivian's stock was further supported by the optimistic stance taken by well-funded investors in the options market.
• Amidst challenges encountered by competitors like Tesla, the overall positive sentiment towards Rivian likely contributed to the stock's bullish performance.