Rivian stock is trending,but is it a buy?

Rivian Automotive (RIVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this a manufacturer of motor vehicles and passenger cars have returned +30.3% over the past month versus the Zacks S&P 500 composite's -0.7% change. The Zacks Automotive - Domestic industry, to which Rivian Automotive belongs, has gained 23.4% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Earnings Estimate Revisions Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Rivian Automotive is expected to post a loss of $0.67 per share, indicating a change of +50.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. The consensus earnings estimate of -$4.03 for the current fiscal year indicates a year-over-year change of +17.4%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of -$2.48 indicates a change of +38.5% from what Rivian Automotive is expected to report a year ago. Over the past month, the estimate has changed -1%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Rivian for complete article see

What is the cheapest Chinese electric car?

f you’re trying to solve a problem, it’s unlikely that anyone is going to look over your efforts, scribble things on a pad, scowl, and then say, “Have you tried half-assing it? Really phone it in?” This almost never happens. And yet it's precisely what I think needs to happen for electric cars to live up to their potential. They need to suck far, far more than they currently do. I know this sounds like what many experts would call “a terrible idea” and “stupid,” but I’m confident in this belief for one very notable reason: I’ve lived it. For the past few years, I’ve used and enjoyed an electric car that is, by the standards of any EV available on the mass market today, terrible. I’m talking about something with about 1/10th the range, about 1/250th the horsepower (and that’s being generous), and maybe 1/5th the maximum speed of a modern EV. These are the sort of specs that should be charitably considered garbage. And yet, despite it all, what I’ve learned is that not only are such meager capabilities enough for a shocking amount of my transportation needs, the whole experience has been downright fun. Yes, fun. The car I’m talking about is called the Changli Freeman, and I believe it is the cheapest car in the world. In fact, that was the initial reason I bought it. You see, my job is to write about and do things with interesting cars, so when the pandemic arrived in 2020, that put a real crimp in my usual plans of traveling to people with strange cars all over the country and driving them, on video, to the delight of audiences in the high severals. So, stuck at home, I hatched a new plan: I’d bring the interesting cars to me! Well, one interesting car, and that interesting car would be the cheapest new car one could buy. My research brought me to a category of automobile that is known in their native land, China, as 老头乐, something that translates to “old man happy car.” That’s because this type of car is primarily sold to elderly folks in second-tier cities who need something to get to the market or pick up grandkids from school. Slow is just fine, and the legality of these cars, even in their native China, is muddy, at best. But they are definitely cars, of a sort. At $930, the Changli was the cheapest of the cheap. Add in the necessary five 12V lead-acid batteries, which aren’t included in the base price, and the bill lurches up to $1,200, still absolutely, impossibly, floor-settingly dirt cheap for a new car of any kind. Oh, and perhaps equally incredibly, I found this car on the website Alibaba.com, and bought it online, just like you would buy a video game console that looks like a Playstation 5 but perversely only plays 40-year-old Nintendo games. Sure, shipping from China and all of the related customs hassles brought the total cost to about $3,300, but even so, we’re still talking about something wildly inexpensive. We’re still comfortably lying down on that bottom tier, and if you need further proof of this, here’s a video of me when I first got it and had to take it out of the massive cardboard box it shipped in:

Unboxing The World's Cheapest New Car Reveals It's So Much Better Than You Think www.youtube.com Now, aside from the fact that my new car arrived in a cardboard box, what you should note is my raw, unmitigated delight. I had been genuinely ready to accept what would effectively be a plastic porta-potty-type body on a crude, flimsy chassis with a chain-driven axle and an effective operational lifespan roughly on par with your average mosquito. But that’s not what I got. What I got was a very cleverly-designed little car with an all-steel body, all the required legal lights and indicators, a windshield wiper, heater, radio with an MP3 player, and even a freaking backup camera. It was so much better than I ever could have imagined. I later brought the Changli to Munro and Associates, one of the leading vehicular evaluation companies in the world, a place where major automotive manufacturers bring competitors' products to determine how they’re built and how much it costs to make them. Sandy Munro, who runs the company, was genuinely stunned by what the Changli had to offer, and how it was made: Sandy Munro Attempts To Demystify The Absurdly Low Cost Of The Changli www.youtube.com Remember, these are the reactions of someone who has torn down every major electric car on the market, from Teslas to Fords to BMWs. He knows what he’s talking about. The specs on the car aren’t exactly impressive: 1.1 horsepower electric motor, 60V of batteries which gave a (tested) range of 27 miles, and a top speed of about 25 mph or so, though something around 20 was more common. My kid is able to run up a hill faster than the Changli can get up it. for complete article see: https://heatmap.news/electric-vehicles/why-the-cheapest-ev-in-the-world-is-actually-better-than-all-the-better-evs

Rivian actually loses over $30,000 per truck sold

How much does Rivian lose per car sold? $39,130 Losses of 2 Billion dollars combined is a tough pill to swallow, but it took Tesla 14-years to turn a profit. Rivian lost a staggering $39,130 for every vehicle it sold in the 3rd quarter of 2024. Believe it or not, it could be a lot worse since Lucid lost $341,000 per vehicle in the same quarter.Nov 12, 2024

Rivian gets more government bailout money$!

Rivians got money problems,again! Rivian Automotive received a conditional $6.6 billion loan from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing Program to help build a new electric vehicle factory in Georgia: The loan will help Rivian complete construction on its stalled factory project The first phase of construction is expected to be completed in 2028, which will increase annual production to 200,000 vehicles A second phase will increase annual production to 400,000 vehicles Rivian has also received other government incentives, including: $1.5 billion in state and local incentives for the Georgia facility in 2022 $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility in May

Rivian is set to receive a $6.6 billion federal government loan to construct its Project Horizon manufacturing facility in Georgia, which will manufacture up to 400,000 vehicles. The loan will help create thousands of new American jobs and further strengthen U.S. leadership in EV manufacturing and technology. Rivian plans to begin production at the Georgia plant in 2028, with an initial yearly production run of 200,000 vehicles, and the plant is expected to support up to 2,000 full-time jobs through construction and 7,500 operations jobs by 2030. The loan is a conditional commitment, and Rivian must meet certain technical, legal, environmental, and financial conditions before the funds are delivered for financing.for complete article:yahoo finance