Why Rivian Stock Roared Higher Today
Rivian Automotive (NASDAQ: RIVN) left investors hoping for more after it reported earnings last week. While the electric vehicle (EV) maker made progress in some areas, its production guidance for 2025 fell short of expectations.The stock dropped in response, but investors are now feeling more optimistic about the company's prospects. That's helping to drive shares higher today. After jumping as much as 7.5%, shares remained higher by 3.7% at 1:45 p.m. ET.Investors are picking up on reports about sagging sales at sector leader Tesla. Demand for Tesla's EV offerings fluctuate, but a negative trend may be emerging. Tesla sales dropped by 45% in Europe in January even as overall EV sales jumped over 37%, based on vehicle registrations. Tesla is seeing headwinds domestically, too. Last year, Tesla EV registrations in California dropped by more than 10%.Continue reading
Rivian Automotive (NASDAQ: RIVN) left investors hoping for more after it reported earnings last week. While the electric vehicle (EV) maker made progress in some areas, its production guidance for 2025 fell short of expectations.
The stock dropped in response, but investors are now feeling more optimistic about the company's prospects. That's helping to drive shares higher today. After jumping as much as 7.5%, shares remained higher by 3.7% at 1:45 p.m. ET.
Investors are picking up on reports about sagging sales at sector leader Tesla. Demand for Tesla's EV offerings fluctuate, but a negative trend may be emerging. Tesla sales dropped by 45% in Europe in January even as overall EV sales jumped over 37%, based on vehicle registrations. Tesla is seeing headwinds domestically, too. Last year, Tesla EV registrations in California dropped by more than 10%.
