Rivian Releases 3Q Production Totals, Sending Shares Higher

Canaccord Genuity Believes Rivian’s (RIVN) 25K Production Goal 'Achievable'; Reiterates Buy

Canaccord Genuity reiterated a Buy rating and $61.00 price target on electric vehicle maker, Rivian Automotive (NASDAQ: RIVN) following the release of the companys 3Q sales and production numbers.

The company produced and delivered its highest quarterly vehicles to date with total deliveries growing, 47% to 6,584 units in the quarter, compared to 4,467 units delivered... More

Rivian (RIVN) Reiterates Production Guidance; Truist Reiterates Buy Rating

Truist Securities reiterated a Buy rating and $65.00 price target on Rivian Automotive (NASDAQ: RIVN) after the electric vehicle company released its 3Q sales and delivery numbers.

Rivian reportedly produced about 7.4K vehicles in the 3Q, compared to the street estimate of... More

RBC Capital Remains Bullish as Rivian (RIVN) Reiterates 25k Production Guide

RBC Capital reiterated an Outperform rating and $62.00 price target on Rivian Automotive (NASDAQ: RIVN) following the release of the companys 3Q delivery and sales numbers. RIVN reported it delivered 6,584 vehicles and produced 7,363 vehicles in 3Q22. The consensus estimate for deliveries was 7.0k.

Analyst, Joseph Spak believes that a component shortage likely weighed on RIVN's ability to accelerate production in the quarter. Likewise, Spak believes... More

Rivian produces over 7,000 vehicles in third quarter, maintains full-year target

(Reuters) -Rivian Automotive Inc said on Monday it produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles in the quarter ended Sept. 30.

The company also reiterated its full-year production target of 25,000 vehicles, sending shares up 9% in post-market trade.

The Amazon.com Inc-backed electric vehicle company... More

Rivian Automotive (RIVN) Produced 7,363 Vehicles in Q3 2022

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period.

These figures remain in line with the companys... More

UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'

UBS Research updated its global auto model as they believe falling demand will keep 2023 production flat compared to last year.

Analyst, Patrick Hummel wrote in a note that it is overwhelmingly likely that rapidly weakening macro data have a severe negative impact on auto demand in 2023, in all... More

New York to Adopt California’s Rules to sell 100% Electric Vehicles by 2035

New York Governor, Kathy Hochul announced Thursday that the state plans to adopt California's rules approved in August that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids.

Hochul said in a statement that she has directed a state environmental agency to propose and... More

Apple, Amazon, American Airlines Fall Premarket; Bed Bath&Beyond Rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, September 29th. Please refresh for updates.

Apple (NASDAQ: AAPL) stock fell 2.2% after Bank of America downgraded its stance on the iPhone maker to neutral from buy, saying falling discretionary spending will result in underperformance.

Coinbase (NASDAQ:... More

Truist Securities Initiates Rivian (RIVN) with Buy Rating

Truist Securities initiated coverage of Rivian Automotive, Inc. (NASDAQ: RIVN) with a Buy rating and $65.00 price target. The electric vehicle company only just began delivering its first vehicles; however, the company has been strategically positioning, raising capital, and building out its vertically integrated ecosystem for over a decade.

Analyst,... More