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Stock impact report

Rivian's Autonomy Bombshell Changes Everything—Even Its Valuation [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
A major joint venture with Volkswagen, combined with a strong balance sheet, provides the necessary capital to bridge the gap to mass-market production of the upcoming R2. Analysts are upgrading the stock as the company prepares to launch its affordable mass-market vehicle platform, supported by an expanded manufacturing facility. Interested in Rivian Automotive, Inc.? Here are five stocks we like better. Rivian Automotive (NASDAQ: RIVN) shares jumped 12.1% on Friday, Dec. 12, closing at $18.42. This double-digit rally stands out against a backdrop of general unease in the electric vehicle (EV) sector. While many competitors struggle with slowing demand and shrinking margins in what has been dubbed an EV winter, Rivian appears to be decoupling from the pack. The catalyst for this movement was not a standard vehicle delivery report or a quarterly earnings beat. Instead, Wall Street is waking up to the reality that Rivian is pivoting. The company is transitioning from a pure ha Show less Read more
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