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Rivian Introduces Affordable R2 SUV and R3 CrossoversRivian ( NASDAQ:RIVN ), the innovative electric vehicle (EV) maker, unveils its latest offerings - the smaller and more affordable "R2" SUVs and "R3" crossovers, signaling a strategic shift in response to changing market dynamics within the EV industry. Key Highlights: - Rivian's ( NASDAQ:RIVN ) introduction of the R2 SUVs, priced at $45,000, aims to address the slowdown in EV demand exacerbated by high interest rates. - The decision to produce the R2 at Rivian's existing facility in Illinois reflects a strategic pivot to ensure timely deliveries by 2026 while reducing capital expenditure and mitigating launch risks. - Rivian anticipates saving over $2.25 billion through this decision, reaffirming its commitment to fiscal prudence and operational efficiency. - The R2, a five-seater variant offering over 300 miles of range, is poised to play a pivotal role in Rivian's success amidst intensifying competition in the EV market. Challenges and Opportunities: Rivian ( NASDAQ:RIVN ) acknowledges the hurdles in ramping up production and stimulating demand beyond early adopters, particularly in the SUV and pickup segment. The unveiling of the R3 crossover and its more potent variant, R3X, underscores Rivian's proactive approach to diversifying its product lineup and appealing to a broader customer base. With SUVs and crossovers gaining traction in the U.S., Rivian's strategic focus on affordability and versatility positions it to capitalize on evolving consumer preferences and foster widespread EV adoption. Future Outlook: Rivian's foray into the mid-priced EV market signifies a pivotal moment in its growth trajectory, signaling its commitment to democratizing electric mobility. As Rivian ( NASDAQ:RIVN ) navigates the complexities of production scalability and market penetration, its ability to offer compelling EV solutions at scale will be instrumental in reshaping the automotive landscape. Conclusion: Rivian's ( NASDAQ:RIVN ) unveiling of the R2 SUVs and R3 crossovers marks a significant milestone in its quest to redefine the EV market. By prioritizing affordability, adaptability, and innovation, Rivian ( NASDAQ:RIVN ) demonstrates its unwavering commitment to driving sustainable mobility and shaping the future of transportation.
NASDAQ:RIVNLong
by DEXWireNews
Rivian ($RIVN) Rebounds From Record Low In Premarket MoveShares of Rivian Automotive, Inc. ( NASDAQ:RIVN ) rose in premarket trading on Monday after the battering they received last week in the aftermath of the electric vehicle startup's quarterly report. The stock plummeted by about 38% in the week ended Feb. 23 and closed at a record low after the company announced 2024 deliveries guidance that fell notably below Street expectations. Following the earnings, sell-side analysts lowered their forward estimates for the company and, as an extension, their price targets for the stock. Rivian Inc. ( NASDAQ:RIVN ) also suffered downgrades in the hands of JPMorgan, UBS and Truist Securities. JP Morgan downgraded the stock from Neutral to Underweight and reduced its price target from $20 to $11. UBS downgraded the stock from Buy to Sell and lowered the price target from $24 to $28. Truist cut its rating on the stock from Buy to Hold and took down the price target from $26 to $11. Monday's rebound could be because the sell-off may have been overdone. Following last week's dismal stock performance, Tesla investor Gary Black defended the company. He flagged the company's likelihood of emerging as a credible number two to Tesla by 2030. The company has a key catalyst in the near term as the Irvine, California-based company gears up to launch its second-gen R2 low-priced EV on Mar. 7. For a reversal, the stock should fill the gap formed when it gapped down following the quarterly results and go past a key resistance around the $16 area. The stock is currently in oversold territory, going by its relative strength index. In premarket trading, Rivian ( NASDAQ:RIVN ) rose 1.09% to $10.18 and suddenly plummeted by about 2%.
NASDAQ:RIVN
by DEXWireNews
Rivian Plans Cut to 10% of Salaried Staff Rivian Automotive Inc., ( NASDAQ:RIVN ) to cut 10% of its salaried workforce and set production guidance well below Wall Street’s expectations as the maker of electric vehicles grapples with stagnant demand and economic turbulence. Rivian Automotive Inc., ( NASDAQ:RIVN ) will build 57,000 vehicles this year, roughly in line with its 2023 output, according to a statement Wednesday that also detailed fourth-quarter results. The forecast fell far short of analysts’ average estimate of more than 80,000 units in 2024. “Our business is not immune to existing economic and geopolitical uncertainties,” Chief Executive Officer RJ Scaringe said on a conference call. “Most notably, the impact of historically high interest rates, which has negatively impacted demand.” Rivian’s shares fell 16% to $12.98 as of 6:32 p.m. after regular trading in New York. Rivian ( NASDAQ:RIVN ) had already tumbled 34% this year through Wednesday’s close. Rivian ( NASDAQ:RIVN ) expects an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 billion for the full year. That outlook underscores the challenge of scaling production and stemming losses in an environment of waning consumer demand for battery-powered vehicles. The automaker has aimed to challenge EV market leader Tesla Inc. following Rivian’s blockbuster stock listing in 2021, but it has since dealt with supply-chain woes and other challenges. The layoffs, part of an aggressive cost-cutting effort, follow job reductions last year and in 2022. Capital expenditures this year will rise to more than $1.7 billion, Rivian ( NASDAQ:RIVN ) said, up from a little over $1 billion in 2023. It had initially forecast spending on the order of $2 billion last year. Rivian ($RIVM) builds two consumer EVs and a battery-electric delivery van at a sole plant in Normal, Illinois. There’s a second factory in the works near Atlanta, where it plans to build its first mass-market, lower-priced EV starting in 2026. Rivian Automotive Inc., ( NASDAQ:RIVN ) reported an adjusted loss last quarter of $1.36 a share, compared with an average $1.33 deficit in estimates. Revenue of $1.32 billion narrowly topped expectations. Rivian ( NASDAQ:RIVN ) lost more than $40,000 on every vehicle it delivered in the last three months of the year, more than the loss of a little over $30,000 per vehicle in the third quarter. The company attributed that, in part, to delivery of fewer lower-cost vans to Amazon.com. The quarterly loss showed improvement compared with the $124,000 it lost on every vehicle a year ago due to supply chain issues.
NASDAQ:RIVN
by DEXWireNews
RIVIAN Is this earnings slump a buy opportunity in disguise?Rivian Automotive (RIVN) missed earnings by $0.01 and that is expected to put extreme pressure on the stock price on the short-term. However, are those short-term tensions a buy opportunity in disguise? Well for the long-term, Rivian remains within our technical model as every significant correction since the start of 2023 has been within the -47% and -48% range. That gives a floor price of $12.75, with only weekly closings below it being potentially dangerous for disrupting the long-term outlook. An oversold 1D RSI (at or below 30.00) is a technical buy entry and there are two bullish scenarios unfolding for Rivian one on the short and one on the medium-term. The short-term scenario includes a +62.74% like the November 10 2023 - December 20 2023 rebound, with a $21.00 Target, which would make a 1W MA100 (yellow trend-line) test. The medium-term scenario is modelled out of the April 26 2023 - July 27 2023 rise which rallied by +142.79% to the 1.382 Fibonacci extension. A repeat of that gives us a 2nd Target at $31.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVN
by TradingShot
RIVN Rivian Automotive Options Ahead of EarningsIf you haven't sold RIVN after the Recall of Its Vehicles Due to Loose Fasteners: nor reentered the Double Bottom: Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $1.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:RIVNLong
by TopgOptions
Rivian looking juicy on multiple different indicatorsHey everyone this will be my first post ever on this website and im super excited to be able to share my ideas and see what people think. Normally this isnt something I do but Rivian has been something special for me. Anyways Currently predicting an Eve Adam pattern which I have found to be bullish through tests in the past and most people are familiar with Adam and Eve pattern but as of lately that has shown to be more bearish than bullish in my opinion and from what I have seen in the past year. If this pattern plays out then we could see rivian going up into the $39-$40 price target range. MacD on the daily just flipped, RSI has plenty of room to the upside, and Stochastic RSI is pushing upwards. We bounced off the POC (Point of Control) at $14.87 which has since moved up to $15.34. FOMC is today and rates will most likely stay the same but if we see a cut markets will go bananas because its not priced in for a decrease. Earnings are February 21st but this is for Q4 of 2023 which were good for Rivian despite not selling as many cars as they have hoped. On the Shorter term 2H chart we are seeing a head and shoulders pattern as well, a flipping of the MacD, and RSI staying above 50, as well as Stochastic RSI curling back up.
NASDAQ:RIVNLong
by skaterxmetal1
2
RIVIAN Low risk buy opportunity at least on the short-term.Rivian Automotive (RIVN) hit the $21.00 Target following our November 29 2023 (see chart below) buy call but even though it confidently broke above the Bearish Megaphone, the price corrected aggressively back even below the Higher Lows Zone: The price is at the moment coming off an oversold 1D RSI Double Bottom, naturally below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Even though the long-term pattern remains a Channel Up (blue), we have to consider the possibility of the (dashed) Channel Down breaking below it and establishing a new long-term trend. Until that happens, this is a short-term buy opportunity, with our Target being $23.00, right at the top of the Channel Down, on the (dotted) median of the Channel Up, representing a +62.17% rise from the Channel's bottom, similar to the December 26 2023 Lower High (peak). If then we get a 1W candle closing above the 1W MA100 (yellow trend-line), which will be the stock's first time to do so, we will buy the bullish break-out and pursue our long-term Target of $35.50, which will represent a +142.79% rise from the bottom, similar to the last Bullish Leg of the long-term Channel Up that peaked on July 27 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
2
RIVN Is Rivian the next TSLA?Yesterday, I observed some unusual blocks of calls in the options chain expiring on Feb 23, following the earnings release. One of the most substantial positions was in the $20 strike price call, with options traders paying $1.7 million in premium. Listening to analysts, some mentioned they expect a 'TSLA Model 3 moment' from RIVN as well. In addition to Amazon, which has agreed to purchase 100,000 delivery vans from Rivian, AT&T is set to acquire its electric vans and R1 vehicles in a new pilot program starting in early 2024. On the other hand, the CEO stated that he anticipates Rivian reaching a break-even point on each EV built by the end of this year. We will likely hear more about this on the earnings call. I am extremely bullish on Rivian's upcoming earnings release!
NASDAQ:RIVNLong
by TopgOptions
RIVIAN Channel Up targeting $35.50Rivian (RIVN) gave us a great break-out buy entry on our previous November 29 analysis (see chart below) as it broke above the Inner Lower Highs and hit our $21.00 target: The pattern that is now dominating the 1D log chart is a Channel Up. The 1D MA50 (blue trend-line) is about to negate the recently made Death Cross and cross back again above the 1D MA200 (orange trend-line) to form a Golden Cross. This will be a strong bullish continuation signal for the current bullish leg of the Channel Up. We are bullish again on this stock, targeting $35.50, which is the 1.382 Fibonacci extension, the Feb level where the previous Higher High was made. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
3
Rivian Automotive (NASDAQ: $RIVN) Meteoric Rise Rivian (NASDAQ: NASDAQ:RIVN ) has been a roller coaster since its initial public offering (IPO) in late 2021. Except it's only been one part of the roller coaster ride: the part where it sharply drops. Rivian has shed roughly 80% of its value since its IPO, but as the company heads into 2024 with some momentum, is the time finally right for investors to jump back in? Fundamentals Analysis New batteries Let's talk about something else that could move the needle for Rivian investors: its new battery packs. Recently its chief financial officer, Claire McDonough, detailed a couple of interesting battery developments. Rivian is introducing a standard battery pack that lowers the selling price of R1 vehicles from roughly $78,000 down to $70,000, opening up a larger addressable market. But it also teased a new battery that's simpler to manufacture. The simpler battery is expected to remove thousands of dollars of costs from production. That's perfect timing for a company that has its sights set on becoming gross-profit positive in 2024 and has already made substantial progress in cutting its loss per vehicle. In fact, its gross profit per vehicle improved by $2,000 sequentially in the third quarter. Better yet, Rivian will begin construction of its Georgia plant in early 2024, which will set the stage to roll out its new R2 vehicles by 2026. Those vehicles are set to sell for roughly $30,000 less than its R1 vehicles, broadening its target market. Is Rivian a Buy? NASDAQ:RIVN is truly making improvements in a lot of areas, including reducing its cash crunch, expanding its options to sell delivery vans, and setting the stage for new vehicles and new battery packs. And it hasn't had to deal with tense labor negotiations because its sole factory is not unionized. Remember that Ford and GM are busy offsetting billions in cost increases from their new United Auto Workers contracts. Rivian Automotive (NASDAQ: NASDAQ:RIVN ) is trading above the 50, 100 & 200-day Moving Averages Respectively, indicating continual of the current trend.
NASDAQ:RIVNLong
by DEXWireNews
Rivian Stock Surged Today: Here's Why It Could Keep SoaringRivian (NASDAQ: RIVN) stock is trading above its 10-day, 20-day, and 50-day exponential moving averages (EMAs), indicating an upward trend. The 10-day EMA is acting as a dynamic support level, while the 50-day EMA is acting as a long-term trend line. The stock is also above its 200-day simple moving average (SMA), which is a bullish sign. However, the stock is below its 100-day EMA and SMA, which could act as resistance levels in the future. The relative strength index (RSI) is at 58.7, which is neither overbought nor oversold. The moving average convergence divergence (MACD) is positive and above its signal line, which is a bullish sign. Rivian is also trading above its pivot point of $17.76, which is a bullish sign. The next resistance levels are at $18.69, $19.35, and $20.28. The next support levels are at $17.10, $16.17, and $15.51. Rivian stock is in a strong uptrend and has positive momentum. However, some of the oscillators are indicating that the stock is overbought and could face a correction in the near term.
NASDAQ:RIVNLong
by DEXWireNews
RIVIAN Potential triple bullish break-out ahead. Target $21.00.Rivian Automotive (RIVN) remained supported within the (green) Higher Lows Zone and on a significant Bullish Divergence on the 1D RSI (in the form of a Channel Up). This is an early bullish sentiment signal but the real technical catalyst is right ahead. That is the Triple Resistance zone consisting of the Inner Lower Highs trend-line as well as the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). This is a strong bullish combo signal if broken but in our personal opinion breaking and closing a 1D candle above the Inner Lower Highs will suffice. If successful, we will target $21.00 (the 0.618 Fibonacci retracement level, which would make a Lower High at the top of the 4-month Bearish Megaphone (the 0.618 Fib was where the previous Lower High was formed). The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the Support Zone but also a technical Lower Low on the Megaphone's bottom. The previous Lower Low rebound formed a top on the 0.618 Fibonacci level. As a result our short-term bullish target is $21.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
2
$LTHM STOCK - Time for Growth?📈 LIVENT Lithium Analysis - CHINA Destocking / Supply shocks & Merger Speculations Welcome to Helios Capital Investment! In today's video, we dive deep into the world of lithium and dissect the financial landscape of Livent Corporation (Ticker Symbol: LTHM), a key player in lithium extraction and refining. 🌐 Market Dynamics: With the lithium market being a crucial player in the global shift towards electric vehicles and renewable energy, Livent has been navigating through turbulent waters. Our analysis explores the impact of China's destocking efforts on lithium prices and how Livent is positioned to weather this storm. 💼 Merger Imminent? Rumors are swirling about a potential merger, and we break down the implications for Livent and its investors. What could this mean for the company's strategic positioning and market share? 📊 Financial Performance: Delving into Livent's financials, we examine revenue trends, costs, and the company's ability to maintain a competitive edge in the lithium sector. How has Livent performed in comparison to industry benchmarks, and what does this mean for its future? 📉📈 Stock Analysis: We take a close look at Livent's stock performance, assessing key indicators and considering factors such as valuation and growth potential. Is now the right time to invest, or are there warning signs that investors should be aware of? 🤔 Key Questions Addressed: How is Livent positioned in the face of China's destocking efforts? What are the potential outcomes and impacts of a rumored merger? Can Livent maintain its competitive edge in the lithium market? 👍 If you find this analysis valuable, don't forget to like, share, and subscribe for more in-depth financial content! Let's navigate the markets together.
LLong
by Helios_Capital_Investment
3
RIVIAN: Buy signal emerged.Rivian has found support inside April's HL Zone while the 1D RSI flattened. The 1D technical outlook is only slightly bearish (RSI = 42.485, MACD = -1.120, ADX = 38.728) despite being inside a Channel Down since July 27th. Technically it is replicating the January-April correction, which eventually bottomed when the 1D RSI flattened. We use the 1D MA200 rejection as a short term buy signal, aiming at the 1D MA50 (TP = 20.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:RIVNLong
by InvestingScope
1
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN ahead of the previous earnings: or here: Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week, I would consider purchasing the 18.50usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $0.89. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:RIVNLong
by TopgOptions
RIVIAN hit the long-term Buy Zone. Target $21.00.Rivian Automotive (RIVN) hit the Higher Lows Zone and the 1D MACD is close to forming a Bullish Cross. This is a strong bullish combo signal but attention is needed as the price is below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line). The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the Support Zone but also a technical Lower Low on the Megaphone's bottom. The previous Lower Low rebound formed a top on the 0.618 Fibonacci level. As a result our short-term bullish target is $21.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
5
Rivian is trading in a dangerous zone - be patientHello , Although Rivian, since it deals with electric cars, is obviously a highly speculative paper. (Since everyone is looking for the next Tesla right now.) If you're thinking about buying Rivian stock, keep in mind that the red zone is a neutral level. The exchange rate moves in exactly one area, where it can move up and down by 10-20%. So it is not worth taking a position here in any way. Because it would be suicide. All important things are visible on the graph. Below the red zone, the $13 level could be a good buy zone. Above the red zone, the $38 price target looks realistic. Do not forget. This does not constitute investment advice. Do your own research before entering a position. Regards In extreme cases, we can count on new lows. But this would be triggered by very negative news that directly affects the company or the EV sector.
NASDAQ:RIVN
by XOX_XOX
RIVIAN This channel can lead it to $32Rivian closed the week over the MA50 (1d) and since it held both the MA200 (1d) and Support (1) intact, has most likely invalidated the scenario of Lower Lows. We may see a 4-6 upward consolidation first as last March-May, before a new yearly High. Trading Plan: 1. Buy on the opening price. Targets: 1. 32.00 (Fibonacci Channel 3.0 extension). Tips: 1. The RSI (1d) crossed over its Falling Resistance. A strong sign of accumulated bullish momentum. Please like, follow and comment!!
NASDAQ:RIVNLong
by TradingBrokersView
5
+42% Rivian Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. An electric delivery van is also being built as part of a partnership with Amazon. Rivian started deliveries of its R1T pickup truck in late 2021. The company plans to build an exclusive charging network in the United States and Canada by the end of 2023. Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; and Woking, England. Additionally, Rivian has plans to build another US$5 billion factory in Georgia. The company raised over US$13.5 billion in financing following its IPO in November 2021.
NASDAQ:RIVNLong
by MiguelFTCurado
5
RIVIAN Confirmed sell signal after Higher Lows break-out.Rivian Automotive (RIVN) broke yesterday below the Higher Lows 1 trend-line, which was supporting since the June 27 Low. With a clear rejection on the 1D MA50 (blue trend-line) the day before, this bearish break-out may create a Channel Down that could target the Higher Lows 2 trend-line. Until then, we have the critical 1D MA200 (orange trend-line) Support to consider. As a result, following also the completion of a 1D MACD Bearish Cross yesterday, we are bearish now, targeting $18.50 (1D MA200). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNShort
by TradingShot
3