"Shares of Rivian Automotive Inc. ( NASDAQ: RIVN) are changing hands for 7.1% less than a week ago, underperforming the Nasdaq. The electric vehicle (EV) maker broke ground on its new $5 billion manufacturing plant in Georgia last month and has been upgrading its plant in Illinois. And there has been speculation that it may unveil an electric bike in the near future. The share price is 30.8% higher than a year ago."
"In the latest results, revenue was up slightly year over year and sequentially to $1.3 billion. However, the company also posted a wider-than-expected loss and widened its full-year loss projection due to tariffs and the loss of EV tax credits. This reflected a 90% decline from its November 2021 IPO high. Some Wall Street analysts decreased their price targets after the report."
"Still, the stock is 41.7% higher since its year-to-date low in April, despite facing challenges from reduced delivery targets and tariff pressures. However, it is countering those headwinds with cost efficiencies, strategic partnerships, and the anticipated R2 launch next year. 24/7 Wall St. conducted some analysis to give investors a better idea of where they can expect the stock to be in a year. Let's take a look at whether Rivian can overcome its hurdles and return to growth."
Rivian's shares recently declined over the prior week but remain 30.8% higher year over year and 41.7% above the April low. The company started construction on a $5 billion Georgia factory and is upgrading its Illinois plant, with speculation of an upcoming electric bike. Q2 revenue rose slightly to $1.3 billion, but the company reported a wider-than-expected loss and widened its full-year loss projection due to tariffs and the loss of EV tax credits, reflecting a large drop from its IPO high. Deliveries fell year over year, though 2025 guidance was reaffirmed and management is pursuing cost efficiencies and strategic partnerships ahead of the R2 launch.
Read at 24/7 Wall St.
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