Rivian Automotive, Inc. (RIVN)

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6% in the afternoon session after the company announced it will establish a new East Coast headquarters in Atlanta. 

Rivian Automotive Inc. (NASDAQ: RIVN) shares are trading higher Friday as investors reacted to a series of expansion initiatives and product updates from the electric vehicle maker.

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Rivian partners with Google to launch a new navigation system using Google Maps. This tool enhances EV charging experience and offers real-time recommendations during navigation.

Rivian CEO RJ Scaringe owns less of the company he founded after transferring stock and options to his ex-wife.

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Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 3.1% in the afternoon session after a downgrade from Guggenheim analyst Ronald Jewsikow, who moved the electric vehicle maker's rating to 'Neutral' from 'Buy'. The downgrade reflects growing concerns over weakening demand for Rivian's current R1T pickup and R1S SUV models. Guggenheim also pointed to headwinds from recent U.S. policy changes, including the elimination of the $7,500 federal EV tax credit, which could negatively impact future sales and profitability. The firm lowered its 2028 sales forecast for Rivian significantly, from 185,000 units to 150,000, citing the softer demand for the R1 platform as a potential negative indicator for the upcoming, lower-priced R2 and R3 models.

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Guggenheim cited softer long-term R2/R3 assumptions driven by softer R1 sales, negative U.S. electric vehicle and emissions policy changes as the reasons for the downgrade.

Rivian faces potential loss of $325 million in revenue due to relaxation of CAFE regulations as Trump tariffs pose uncertainty.

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JPMorgan calls Tesla and Rivian top short ideas due to high valuations, reduced subsidies, and unrealistic expectations. EV boom hits a bump.

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