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U.S. House votes to pause Biden EV regulations
December 7, 2023 3:48 PM ESTThe Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.
"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More
Rivian (RIVN) gains as Stifel initiates coverage of EVs
December 7, 2023 9:38 AM ESTShares of electric vehicle maker, Rivian (NASDAQ: RIVN) jumped nearly 4% in pre-market trading Thursday morning after Stifel initiated coverage of the company with a Buy rating and a 12-month price target of $23.00.
In a note, Stifel highlighted Rivian's recent agreement with Amazon for 100,000 Electric Delivery Vehicles (EDVs). They also pointed out that Rivian's new manufacturing facility, anticipated to launch the R2 line in 2026, is projected... More
