Annual Changes to the Nasdaq-100 Index
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December 12, 2022 12:03 PM EST
German automaker, Mercedes Benz announced on Monday that they will invest more than 1 billion euros ($1.05 billion) in the companys electric van division to build its first electric-only vans plant in Jawor, Poland. The plan is currently pending approval of conditions such as the sign-off of subsidies for its... More
December 12, 2022 9:48 AM EST
Truist Securities analyst Jordan Levy reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN)
The analyst comments "Following news from Mercedes (MBGGY - NR) of a new plant in Jawor, Poland, Rivian announced this morning a pause to its MOU with Mercedes for a commercial EV... More
December 12, 2022 8:27 AM EST
RBC Capital analyst Joseph Spak reiterated an Outperform rating and $50.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "This morning Rivian announced they are pausing their plans to produce an electric commercial van in Europe and will no longer pursue the MoU with... More
December 12, 2022 7:19 AM EST
American electric vehicle company Rivian Automotive (NASDAQ: RIVN) is down 3.59% in pre-market trading Monday after the company announced a pause in plans to produce its electric commercial vans in Europe and will therefore no longer pursue the Memorandum of Understanding with Mercedes-Benz that was signed earlier this year.
Weve decided to pause discussions with Mercedes-Benz Vans regarding the... More
