Why Rivian Automotive Stock Popped, Then Dropped [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
Then its stock turned tail, gave back most of its gains, and as of 10:30 a.m. ET, it was up only 1.6%. (Boo!) Why did Rivian stock rise and then fall back again? The answer is just one word: Apple (NASDAQ: AAPL) Rivian and Apple: A match made in heaven? (Or perhaps Detroit?) So, here's the big news today about electric truck company Rivian and tech titan Apple: DigiTimes Asia reported today that Apple has been "exploring collaboration" with Rivian. The problem is that this rumor is primarily based on sources within the companies' supply chains and not directly from either Rivian or Apple. It also implies that the "collaboration" in question could be as limited as Rivian putting Apple CarPlay technology in its electric trucks and vans. That's a far cry from, say, Apple lending its financial heft to Rivian as an alternative to Apple building its own electric car ( a project that's now been canceled ) or Apple deciding to buy Rivian outright (another rumor from earlier this year
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RIVN
News
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Yahoo! Finance]Yahoo! Finance
- Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push [Yahoo! Finance]Yahoo! Finance
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Los Angeles Times (CA)]Los Angeles Times
- Investors in Rivian Automotive, Inc. Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Investors who lost money on Rivian Automotive, Inc. (RIVN) should contact Levi & Korsinsky about pending Class Action - RIVNAccesswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website