Rivian (NASDAQ: RIVN) just gave investors an impressive update. On Thursday, the electric vehicle maker said it delivered 12,194 vehicles in the second quarter, comfortably above its own outlook of 9,000 to 11,000, and raised its full-year delivery target to 65,000 to 70,000 vehicles, up from 62,000 to 67,000.
The stock jumped more than 8% on the news. And the timing sharpened the contrast: Tesla fell about 7.5% the same day following its own delivery report.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Rivian shares have now climbed about 60% from their 52-week low, though they still sit slightly below where they started the year. So, has the underdog finally earned a spot in more portfolios, or is the market right to stay skeptical?
The second quarter update begins to answer a question that has hung over Rivian all year: Can the company build and sell its new, lower-priced R2 alongside everything else it makes? Or will it cannibalize the company's sales of other vehicles and ultimately hurt its business?
The stock jumped more than 8% on the news. And the timing sharpened the contrast: Tesla fell about 7.5% the same day following its own delivery report.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Rivian shares have now climbed about 60% from their 52-week low, though they still sit slightly below where they started the year. So, has the underdog finally earned a spot in more portfolios, or is the market right to stay skeptical?
The second quarter update begins to answer a question that has hung over Rivian all year: Can the company build and sell its new, lower-priced R2 alongside everything else it makes? Or will it cannibalize the company's sales of other vehicles and ultimately hurt its business?
1 month ago
