Rivian (RIVN) and VW added to list of vehicles eligible for IRA tax credits

Rivian Automotive (RIVN) call put ratio 1.6 calls to 1 put as shares sell off 2.3%

April 20, 2023 10:59 AM EDT

Rivian Automotive (NASDAQ: RIVN) 30-day option implied volatility is at 83; compared to its 52-week range of 65 to 139. Call put ratio 1.6 calls to 1 put as shares sell off 2.3%.

... More

Rivian Automotive (RIVN) Upsizes and Extends Credit Facility

April 19, 2023 4:05 PM EDT

Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced that Rivian Holdings LLC, a direct subsidiary of Rivian Automotive, has entered into an Amended and Restated asset-based revolving Credit Agreement (A&R Credit Agreement) with JPMorgan Chase Bank as administrative agent. This A&R Credit Agreement amended Rivians existing credit agreement dated May 20, 2021.

Among other things, the A&R Credit Agreement amended the existing Credit Agreement to:

Double the (currently undrawn) revolving commitments to $1.5 billionIncrease the letter of credit sublimit from $500 million to $1.0... More

Rivian (RIVN), Lucid (LCID) and Fisker (FSR) 'may go bankrupt' as Tesla (TSLA) continues to cut prices - Trip Chowdhry

April 19, 2023 9:42 AM EDT

Trip Chowdhry of Global Equities Research has shared his rather grim outlook for the Electric Vehicle (EV) industry, after Tesla (NASDAQ: TSLA) announced yet another round of price cuts earlier today.

In his latest note, the analyst warns that with tech layoffs continuing and... More

Rivian Automotive Inc (RIVN) PT Lowered to $17 at Deutsche Bank

April 19, 2023 9:13 AM EDT

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $17.00 (from $28.00) while maintaining a Buy rating.... More

Rivian (RIVN) downgraded to Sector Perform at RBC Capital on limited near-term catalysts

April 19, 2023 8:44 AM EDT

RBC Capital downgraded Rivian Automotive (NASDAQ: RIVN) to a Sector Perform rating (From: Outperform) and cut their price target on the stock to $14.00 (From $28.00) as analyst Tom Narayan believes the companys near-term catalysts are limited.

Narayan wrote in a note, RIVN is well positioned to capture market share as the industry... More

Netflix, Fox and Tesla fall premarket; Baker Hughes, Western Alliance rise

April 19, 2023 8:14 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 19th. Please refresh for updates.

Morgan Stanley (NYSE: MS) stock fell 2.5% after the major lender's first-quarter profit fell as its investment banking business remained under pressure due to a prolonged slump in dealmaking.Netflix (NASDAQ:... More

RBC Capital Downgrades Rivian Automotive Inc (RIVN) to Sector Perform

April 18, 2023 4:10 PM EDT

RBC Capital analyst Joseph Spak downgraded Rivian Automotive Inc (NASDAQ: RIVN) from Outperform to Sector Perform with a price target of $14.00 (from $28.00).

For an analyst ratings summary and ratings history on Rivian Automotive Inc... More

Morgan Stanley cuts price target on Rivian (RIVN) as challenges evolve; reiterates Overweight

April 18, 2023 8:43 AM EDT

Morgan Stanley reiterated an Overweight rating on Rivian Automotive (NASDAQ: RIVN) and cut the price target on the stock to $24.00 (From $26.00) as analyst Adam Jonas believes the electric automakers challenges move from operational to strategic.

Jonas wrote in a note, Rivians challenges move from operational to strategic. The R1 hypertruck delivers serious driving thrills. It also delivers serious gross margin losses. The Georgia plant may be profitable, but Rivian may lack the capital to build and ramp it. Something has to give,... More

Rivian Automotive Inc (RIVN) PT Lowered to $24 at Morgan Stanley

April 18, 2023 3:17 AM EDT

Morgan Stanley analyst Adam Jonas lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $24.00 (from $26.00) while maintaining a Overweight rating.... More