Rivian, the electric vehicle maker, received an upgrade from Piper Sandler to an 'Overweight' rating with a 12-month price target raised from $18 to $20, reflecting a 26.26% potential gain by mid-2027. This optimism is driven by stronger demand for EVs, the successful launch of the R2 SUV, and a healthier balance sheet after a recent capital raise. Despite a year-to-date decline, Rivian's stock has gained nearly 15% over the past year and remains significantly above its 2021 IPO price. Analysts remain mixed with a 'Hold' consensus and an average 12-month price target of $17.94, indicating cautious optimism about Rivian's future growth and profitability prospects.
The U.S. Department of Justice charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud for allegedly using confidential information about Volkswagen's joint venture with Rivian to make over $300,000 in illegal profits....
Rivian has filed a lawsuit against the U.S. government seeking a full refund of tariffs it paid under President Trump's 'Liberation Day' taxes, which the Supreme Court later ruled unconstitutional. The automaker aims to secure tens of millions of dol...
The US National Highway Traffic Safety Administration (NHTSA) will start creating new safety rules for automakers to ensure drivers and passengers can safely exit vehicles. This move follows incidents, including fatal ones, where people were trapped ...
