Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions
The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions.
Deepwater Asset Management's Gene Munster is bracing for disappointing Tesla Inc. delivery numbers when the electric vehicle maker reports first-quarter figures on Wednesday, warning investors that the coming months could be even more challenging.
Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
Investor sentiment was shocked by Trump's 25% tariff on auto imports, increasing inflation fears. But some ETFs performed well, with gains up to 22.8%.
The weekly round-up covers major developments in the EV space, including the FBI launching a task force over Tesla protest violence, Rivian spinning off its micromobility unit, Waymo facing hefty parking fines, and Ford exploring manual EV shifts—while experts debunk claims of coordinated attacks on Tesla.
The new auto tariffs revive and expand the logic of the original 1960s-era "chicken tax" — a 25% duty initially imposed on light trucks in retaliation for a European tax on American poultry.
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 8.5% in the afternoon session after auto companies with significant manufacturing local presence became more favored after US President Donald Trump announced a 25% tariff on all vehicles imported into the United States. Rivian manufactures its cars in the United States. While this does not necessarily mean the company sources all its components and raw materials domestically, the stock's positive reaction indicates that investors view the company as better positioned to adapt to the new tariffs compared to its competitors.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stock markets experienced a downturn on Wednesday, with all major indices showing losses by midday. Renewed concerns over tariffs have unsettled investors, as President Donald Trump signaled potential new trade duties on automobiles.
