Rivian Sets Date for Release of Third Quarter 2022 Results

Mizuho Securities Reiterates Buy Rating on Rivian (RIVN) Following Recalls; 'Headlines Worse than Reality'

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN) following recalls.

The analyst commented, "We had the opportunity to catch-up with RIVN after the headline on the voluntary recall affecting all of its... More

Rivian (RIVN) Recalls 'Optically Negative but Financially Insignificant' - Needham & Company

Needham & Company analyst Vikram Bagri reiterated a Hold rating on Rivian Automotive Inc (NASDAQ: RIVN), calling the recalls "optically negative but financially insignificant."

The analyst commented, "

RIVN issued a recall affecting nearly all of its delivered vehicles, the third recall issued in the... More

Rivian (RIVN) Drops Following Big Recall

Shares of Rivian Automotive (NASDAQ: RIVN) dropped more than 6.5% in pre-market trading on Monday after the company announced that they would be recalling 13,000 vehicles. Rivians Chief Executive Officer RJ Scaringe wrote an email alerting staff on Friday that there would be a recall as the fastener to the front steering knuckle "may not have been sufficiently torqued" when the vehicles were manufactured.

"In rare circumstances, the fastener has loosened fully," Scaringe wrote. "I want to reiterate that this is... More

Morgan Stanley on NY’s Electric Vehicle Goals: 'Something Has to Give'

The state of New York has announced that, similar to California, all new vehicles sold in the state will be battery electric vehicles by 2035. The plan is aimed at reducing greenhouse gas emissions and represents a key step in achieving NY's target of reducing emissions 85% by 2050. Morgan Stanley, after examining the current state of battery supply chains and EV prices, believes this goal will be difficult to achieve.

As part of the plan, NY is making additional grants and subsidies available to both... More