Independent thinking for complex markets and current events
$RIVN +24% for the day and 58% over the last 3 mo. because it reported "800 MORE VEHICLES than analyst expectations." Yes, 800. Rivian delivered nearly 14,200 EVs during the fourth quarter, bringing its yearly sales volume to roughly 51,580 electric trucks — within the company's… pic.twitter.com/fO54mA9prH — Inkling (@inside_finance) January 3, 2025
Stalling EV sales pose a major problem to the carmakers that don’t have gasoline-powered or hybrid models in their portfolio. Rivian wants to avoid riding this wave by offering a discount of up to $5,000 to buyers who trade in select 2018-and-newer pickup trucks and SUVs. Only open to residents of the United States and Canada, …
George Soros sold off his entire stake of Rivian (RIVN) during the third quarter. The sale consisted of 4.18 million shares. RIVN stock has remained flat so far this year. The deadline for institutional investors to file their third quarter 13F has passed, meaning that the public is now able to view institutional positions as of Sept. …
Another $33,000 loss heading down the production line. It’s tough starting a new electric vehicle company these days, just ask Faraday Future or Lordstown Motors. But Rivian seemed like one of the good ones that might actually make it, as it’s been shipping its electric trucks out to customers for almost two years now. However, …