Rivian Automotive (RIVN) March 25 calls active as share price up 10%

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Go back to Rivian Automotive (RIVN) March 25 calls active as share price up 10%

U.S. House votes to pause Biden EV regulations

December 7, 2023 3:48 PM EST

The Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.

"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More

Over 1,000 VW workers sign union cards in Tennessee

December 7, 2023 10:34 AM EST

The United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.

The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.

The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More

Rivian (RIVN) gains as Stifel initiates coverage of EVs

December 7, 2023 9:38 AM EST

Shares of electric vehicle maker, Rivian (NASDAQ: RIVN) jumped nearly 4% in pre-market trading Thursday morning after Stifel initiated coverage of the company with a Buy rating and a 12-month price target of $23.00.

In a note, Stifel highlighted Rivian's recent agreement with Amazon for 100,000 Electric Delivery Vehicles (EDVs). They also pointed out that Rivian's new manufacturing facility, anticipated to launch the R2 line in 2026, is projected... More