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Stock impact report

Rivian R2 Launch And EnergyHub Deal Reframe Growth And Risk Profile [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Rivian Automotive is preparing for a global launch of its R2 SUV, aimed at reaching a broader EV customer base. The company has spun off its micromobility unit, Also, while retaining exposure to that segment through the new entity. Rivian has partnered with EnergyHub to support managed charging programs for Rivian drivers and grid operators. Rivian Automotive (NasdaqGS:RIVN) is moving through a period of change, with its R2 SUV expected to open the door to more mass market buyers and new autonomy related revenue streams. The stock last closed at $15.19, with a return of 37.7% over the past year and 4.5% over three years, while year to date performance is a decline of 21.7%. For you as an investor, these moves bring together product expansion, capital focus and energy integration into one clear shift in how Rivian is trying to compete. The R2 launch, the Also sp Show less Read more
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