Rivian's stock fell 6% following the announcement that CFO Claire McDonough will resign by the end of October to join GE Vernova. This departure comes at a critical time as Rivian ramps up production of its R2 SUV, causing investor concern over leadership continuity during a capital-intensive phase. The company is searching for a permanent replacement, with interim CFO Derek Mulvey stepping in. The broader EV sector also showed weakness, with Lucid down 1% and Tesla nearly flat, while the overall market advanced. Investors will watch for updates on Rivian's CFO search and production progress for further market cues.
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...
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 l...
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...
