TD Cowen upgraded Rivian Automotive to Buy with a higher price target of $20, citing strong demand for its upcoming R2 SUV and attractive valuation after a stock selloff. Truist maintained a Buy rating on Mid-America Apartment Communities (MAA) but lowered its price target slightly to $142 due to near-term job market challenges affecting apartment demand. RBC Capital raised its price target on Design Therapeutics to $14, optimistic about upcoming pivotal clinical data expected in the second half of 2026. These moves highlight varied sector dynamics amid macroeconomic pressures and company-specific growth catalysts.
Rivian announced that its CFO, Claire McDonough, will resign at the end of October to pursue a new opportunity and move closer to her family on the East Coast. The company stated her departure is not due to any disagreement and has appointed Derek Mu...
Lucid's stock surged 7% after hitting multi-year lows, while Rivian edged up 2%, reflecting selective gains in beaten-down EV stocks rather than a broad sector rally. No new company news drove Lucid's jump; instead, the move is attributed to technica...
Tesla has increased the price of its Cybertruck models by $5,000, with the dual motor and premium all-wheel drive versions now priced at $74,990 and $84,990 respectively. This price hike comes amid sharply declining sales, with Cybertruck deliveries ...
Tesla's key growth driver is its Full Self-Driving (FSD) software, which now attaches to 55% of Q2 North American deliveries and has nearly 1.5 million paid subscribers globally. Despite record vehicle deliveries and revenue growth, Tesla's operating...
XPeng's stock fell 7% following a Q2 revenue miss and a softer Q3 revenue forecast, despite a record $6.3 billion valuation for its humanoid robotics unit. The company reported Q2 revenue of $2.91 billion, up 8% year-over-year but below expectations,...
