Rivian (RIVN) gains 4% after market following raised production forecasts

SAIC-GM partner with Tesla (TSLA) for supercharger access in China

November 10, 2023 2:15 PM EST

SAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE: GM), announced its plans to join forces with Tesla (NASDAQ: TSLA) for access to the EV automakers Supercharger Network by the close of 2023.

This groundbreaking collaboration positions SAIC-GM as the first... More

Tesla (TSLA) 'can't possibly be matched' billionaire investor Ron Baron tells CNBC

November 10, 2023 9:47 AM EST

Billionaire investor Ron Baron told CNBC on Friday that he is sticking with his long-time position in electric car giant Tesla (NASDAQ: TSLA), alongside CEO Elon Musk's leadership, due to his cost-consciousness.

Baron said in an interview with CNBC's "Squawk Box" that... More

Tesla (TSLA) raises price of Model 3, Y variants in China

November 9, 2023 9:29 AM EST

Tesla (NASDAQ: TSLA) China announced on Thursday a slight price adjustment for its Model 3 and Model Y Long Range variants.

The Model 3 Long Range received a RMB 1,500 ($206) price increase, now starting at RMB 297,400 ($40,819), while the Model Y Long Range saw a price adjustment of RMB 2,500... More

Tesla (TSLA) recalls Model X,S due to improper airbags

November 9, 2023 8:22 AM EST

According to a notice by the National Highway Traffic Safety Administration on Thursday, electric vehicle maker, Tesla (NASDAQ: TSLA) is recalling 159 Model S and Model X cars due to an issue concerning the vehicles airbag systems.

According to the notice, the... More

Warner Bros, Bumble, Robinhood fall premarket; Rivian, Upwork, Take-Two rise

November 8, 2023 8:04 AM EST

Investing.com -- U.S. futures stagnated Wednesday, as investors awaited a speech by Fed Chair Jerome Powell which could offer clues over future monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

Warner Bros Discovery (NASDAQ: WBD) stock fell 1.7% after the media giant narrowed its... More

Rivian Automotive Inc (RIVN) PT Lowered to $25 at Needham & Company

November 8, 2023 7:38 AM EST

Needham & Company analyst Chris Pierce lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $25.00 (from $31.00) while maintaining a Buy rating.... More

Rivian Automotive Inc (RIVN) PT Lowered to $30 at Canaccord Genuity

November 8, 2023 7:02 AM EST

Canaccord Genuity analyst George Gianarikas lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $30.00 (from $44.00) while maintaining a Buy rating.... More

Rivian Automotive Inc (RIVN) PT Lowered to $19 at Wells Fargo

November 8, 2023 6:48 AM EST

Wells Fargo analyst Colin Langan lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $19.00 (from $24.00) while maintaining a Equal Weight rating.... More

Rivian Automotive Inc (RIVN) PT Lowered to $30 at Mizuho Securities

November 8, 2023 6:36 AM EST

Mizuho Securities analyst Vijay Rakesh lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $30.00 (from $32.00) while maintaining a Buy rating.... More

Rivian adds 7% on Q3 revenue beat, lifted production guidance; Analysts note progress

November 7, 2023 5:05 PM EST

(Updated - November 8, 2023 5:54 AM EST)

Rivian Automotive (NASDAQ: RIVN) shares rose over 7% in pre-market Wednesday after the electric vehicle (EV) company reported results for the third quarter and raised its annual production target.

Revenue of $1.34 billion came in better than the consensus estimate of $1.31B. EPS for the quarter was... More

Rivian Automotive (RIVN) Announces Commercial Van Now Available to More Companies

November 7, 2023 4:11 PM EST

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that it will enable other companies to purchase its custom-designed Rivian Commercial Van. This move provides companies all around the world more opportunity to electrify their delivery fleets with a state-of-the-art vehicle, which will help to further reduce CO2 emissions.

The Rivian Commercial Van is the platform on which Amazons custom electric delivery van is based, and is designed from the ground up prioritizing safety, driver comfort, and sustainability. Safety features include automatic emergency braking, collision... More

Rivian raises production target amid broader EV demand fears

November 7, 2023 4:07 PM EST

By Abhirup Roy and Akash Sriram

(Reuters) -Rivian Automotive raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand for its trucks and SUVs on Tuesday, sending its shares up 4% in volatile after-hours trading.

Rivian's upbeat forecast is a small positive for an industry reeling from the double whammy of high inflation that has dulled buyer appetite and price cuts at market leader Tesla to stimulate demand.

Last month, Tesla CEO Elon Musk said he was concerned about the impact of high interest rates on car buyers, echoing... More

Rivian Automotive (RIVN) Misses Q3 EPS by 10c

November 7, 2023 4:06 PM EST

Rivian Automotive (NASDAQ: RIVN) reported Q3 EPS of ($1.44), $0.10 worse than the analyst estimate of ($1.34). Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.31 billion.

Due to the progress experienced on our production lines, the ramp of our... More

Rivian Automotive (RIVN) Raises FY23 Production Guidance to 54,000 EVs from 52,000

November 7, 2023 4:05 PM EST

Rivian Automotive (RIVN) Raises FY23 Production Guidance to 54,000 EVs from 52,000

... More

Rivian Automotive (RIVN) November weekly option implied volatility ninto quarter results

November 7, 2023 10:46 AM EST

Rivian Automotive (NASDAQ: RIVN) November weekly call option implied volatility is at 177, November is at 115; compared to its 52-week range of 57 to 101 into the expected release of quarter results today after the bell.

... More

Rivian Automotive (RIVN) November weekly 17 straddle into quarter results

November 7, 2023 3:20 AM EST

Rivian Automotive (NASDAQ: RIVN) November weekly 17 straddle is priced for a move of 13% into the expected release of quarter results today after the bell.

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Lucid (LCID) becomes latest to adopt Tesla (TSLA) charging standard

November 6, 2023 4:32 PM EST

Electric automaker, Lucid (NASDAQ: LCID) announced Monday that, starting in 2025, the company will integrate Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) connectors into their electric vehicles.

All lucid vehicles built with the current Combined... More

Rivian Automotive (RIVN) November weekly option implied volatility into quarter results

November 6, 2023 10:50 AM EST

Rivian Automotive (NASDAQ: RIVN) November weekly call option implied volatility is at 150, November is at 109; compared to its 52-week range of 57 to 101 into the expected release of quarter results after the bell on November 7.

... More

Rivian Automotive (RIVN) November weekly 17.5 straddle into quarter results

November 6, 2023 4:35 AM EST

Rivian Automotive (NASDAQ: RIVN) November weekly 17.5 straddle is priced for a move of 12% into the expected release of quarter results after the bell on November 7.

... More