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After briefly riding the frenzy for all things related to electric cars, Rivian’s shares started unraveling.
Source: https://www.dailybreeze.com/2023/06/01/rivian-may-lose-nasdaq-spot-after-90-selloff-jpmorgan-says/
He said the lot is about a quarter mile from Rivian’s Griffin Way facility, and that the company needs the expansion space.
Source: http://chelsearecord.com/2023/04/06/planning-board-tables-hearing-on-potential-rivian-expansion/
Jeddah-based group Abdul Lateef Jameel was one of the biggest from Rivian’s IPO.
Rivian’s compact R1T electric pickup has already won accolades with the automotive community.
That’s great news, and short-term stock traders evidently haven’t paid much attention to Rivian’s financial improvement.
Source: https://investorplace.com/2023/08/rivn-stock-price-target-why-rivian-is-a-confident-buy-under-20/
They maintained an outperform (buy) rating on Rivian’s stock with a price target of $30 per share, representing a 42% premium to Monday’s closing price of approximately $21.
What Happened: Prospective customers can shop for an R1T at Rivian’s service center in Normal, Illinois, on June 17 from 10 am to 6 pm, CDT.
When all is said and done, Rivian’s $14 billion should enable it to create an electric vehicle empire by 2025.