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Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally
24/7 Wall St.30d agobullish
Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally

Shares of Tesla (NASDAQ:TSLA) are up 6% in midday trading to $416.50, leading a broad electric-vehicle rebound after a rough stretch for the group. Rivian, Nio, and Lucid are all trading higher alongside Tesla stock, and autonomous-vehicle ETFs are joining the move. Tesla stock’s gain caps a volatile few weeks. Tesla shares are still down ... Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally

Rivian Stock Soars on Target Price Hike. There’s Just One Problem.
Barrons.com30d agobullish
Rivian Stock Soars on Target Price Hike. There’s Just One Problem.

Rivian stock soared again Monday after J.P. Morgan boosted its price target for the EV maker’s shares. The problem: Rivian’s recent hot streak has taken the stock beyond what J.P. Morgan and the rest of Wall Street think it is actually worth. The move came after analyst Rajat Gupta raised his price target to $15 per share from $9 per share, following Rivian’s recent delivery report.

Western Digital, Sandisk, Micron, Nvidia, SpaceX, and More Stocks That Explain Today’s Market
Barrons.com30d agoneutral
Western Digital, Sandisk, Micron, Nvidia, SpaceX, and More Stocks That Explain Today’s Market

Stocks were gaining in premarket Monday with technology stocks prominent among the gainers. Semiconductor companies were particularly prominent as the artificial-intelligence trade took off again. Western Digital was up 4.5%, Sandisk was up 3.9%, and Micron Technology rose 2.3% as memory-and-storage companies regained their momentum after a drop last week.

Rivian (RIVN) Stock Looks Pricey On Sales Despite A 43% Gain
Simply Wall St.31d agoneutral
Rivian (RIVN) Stock Looks Pricey On Sales Despite A 43% Gain

Rivian Automotive stock has delivered a 42.5% gain over the past year, yet its valuation checks lean expensive, which raises the question of how much optimism is already in the price. Over the last 12 months, Rivian Automotive shares are up 42.5%, a strong return that can leave new buyers wondering how much upside is left from here. Recent production momentum and raised delivery expectations can support growth assumptions, while ongoing cash burn and financing needs may keep a lid on how...

The Truth Behind Rivian’s Insider Selling
24/7 Wall St.33d agobearish
The Truth Behind Rivian’s Insider Selling

Rivian executives sold millions in shares last month, and Reddit is convinced the stock is cooked. But the actual SEC filings point to a very different conclusion about who is truly betting on RIVN right now.

Rivian stock spikes following latest update
TheStreet33d agobullish
Rivian stock spikes following latest update

BNP Paribas has been one of the few Wall Street firms that is bearish on EV industry leader Tesla. Late last year, the firm initiated coverage with an underperform rating and a $280 price target. BNPP cited unrealistic goals and a bloated valuation as the reasons for the bearish outlook on the ...

Rivian (RIVN) Shares Skyrocket, What You Need To Know
StockStory33d agoneutral
Rivian (RIVN) Shares Skyrocket, What You Need To Know

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 10.2% in the morning session after the company reported stronger-than-expected second-quarter vehicle deliveries and raised its full-year forecast.

Chip Stocks Tumble Again
The Wall Street Journal34d agobearish
Chip Stocks Tumble Again

American employers added 57,000 new jobs last month, the Labor Department said Thursday. Memory stocks were particularly hard hit, with Sandisk falling 14.1% and Samsung Electronics declining 9.1% overnight.