RIVN News & Events

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell.From the hotly-debated high-flier Tesla, Wall Street's newest darling Rivian, traditional-stalwarts turned EV-upstarts GMand Fordto the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with "Charged," a weekly recap of the top stories and expert calls in the sector.Clickto check out Tesla's recent Media Buzz Sentiment as measured by TipRanks.BEYOND EVS:Tigress Financial resumed coverage of Tesla with a Buy rating and $550 price target. The firm sees long-term growth and value creation "increasingly" being driven by Tesla's evolution from a pure-play EV manufacturer into "a multi-layered physical AI platform." The firm sees "the physical AI growth flywheel" being driven by expanding Full Self Drive subscriptions, robotaxis, and Optimus humanoid robots to stack on top of "an already sizable and profitable EV and energy base," Tigress tells investors.CHINA SALES:Tesla's domestic sales in China collapsed 45% year-over-year in January, falling to just 18,485 units, the automaker's lowest monthly retail figure in the country since November 2022, Electrek's Fred Lambert. The data, released today by the China Passenger Car Association, paints a grim picture of Tesla's demand in the world's largest EV market, the author adds.CHINA-U.S. CAR PARTNERSHIPS:FordCEO Jim Farley spoke with senior White House officials about a potential roadmap for Chinese car makers to manufacture vehicles in the U.S. by partnering with American car companies, Bloomberg's David Welch, Keith Naughton, and Jenny Leonard, citing people familiar with the discussions. The rough framework that was talked about between Farley and Trump administration cabinet members last month would let Chinese automakers build vehicles in the U.S. through joint ventures with domestic automakers in which the U.S. firm holds a controlling interest, the authors say. Other publicly traded companies in the space include BYD, Geely, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.RESULTS:Shares of Rivian outperformed last week after the company reported Q4 losses per share of (66c) vs consensus of (79c), and Q4 revenue of $1.29B vs consensus of $1.27B. Rivian sees FY26 vehicle delivery between 62K-67K and FY26 adjusted EBITDA of ($1.21B)-($1.80B).Deutsche Bank upgraded Rivian to Buy from Hold with a price target of $23, up from $16, following the Q4 report. The firm sees early signs the company's "prospects are inflecting." Rivian's 2026 looks "de-risked" as volume expectations are "reasonable" and its vehicle costs continue to improve, Deutsche tells investors in a research note. The firm says the R2 launch is on track for Q2 at a time when competitors are "slow walking" their electric vehicle transitions. Deutsche sees an attractive risk/reward at current share levels. UBS also upgraded Rivian but to Neutral from Sell with a price target of $16, up from $15, following quarterly results.Meanwhile, DA Davidson analyst Michael Shlisky downgraded Rivian to Underperform from Neutral with a price target of $14, down from $15. The stock jumped 27% on Friday due to positive tone of the R2 launch, but the firm believe that R1 outlook was below its expectations while also noting that R2 launch is not "without significant risks", the analyst tells investors in a research note. To make its current outlook, Rivian will have to deliver the best mid-size EV launch since 2021 without the benefit of tax credits or a mass-channel dealer network, DA Davidson added.2009 GREENHOUSE GAS ENDANGERMENT FINDING:U.S. Environmental Protection Agency Administrator Lee Zeldin said in aon X, formerly Twitter, "In the single largest deregulatory action in U.S. history, President Trump and I are now announcing the repeal of the 2009 Obama EPA Endangerment Finding, ALL vehicle greenhouse gas emission standards that followed, and ALL off-cycle credits that include the much-despised start-stop feature in vehicles. This action will save over $1.3 TRILLION in costs for Americans!"BUY ENERGY FUELS:Goldman Sachs initiated coverage of Energy Fuelswith a Buy rating and $30 price target. The company owns and operates the highest-grade uranium deposit in the U.S. as well as the White Mesa Mill, which is a key competitive advantage for the company as it is the only processing facility in the U.S. that is able to process both uranium and rare earth elements, the firm tells investors in a research note. Goldman added that the company maintains a portfolio of three heavy mineral sands assets that aim to come online over the next five years.

The major averages were mixed near noon following the long weekend, reflecting renewed concerns about artificial intelligence-related disruption after last week's weakness in tech and software stocks. Stocks experiencing weakness amid such concerns include software names like ServiceNow, Autodesk, and Salesforce.Looking to commodities, gold was sharply lower, reversing some of last week's gains, while oil was also trading lower.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discoverywillwith Paramount Skydance, though Netflixretains its matching rightsDanaherMasimofor $180 per share in cash, or a total consideration of $9.9BActivist investor Elliott has built a more than 10% stake in Norwegian Cruise Line,Meanwhile, Jana Partners has built a stake in Fiserv,Medtronicreportedand reiterated its FY26 earnings guidance2. WALL STREET CALLS:Dollar Treeto Buy at Rothschild & Co RedburnRothschildDollar Generalto Sell on valuationShopifyto Buy at Truist amid market dislocationRivianto Underperform at DA Davidson on R2 ramp risksBitGocoverage wasaround the Street with mainly Buy and equivalent ratings3. AROUND THE WEB:Gemini'sCOO Marshall Beard, CFO Dan Chen, and chief legal officer Tyler Meade have all left the company, Bloomberg saysVolkswagenintends to cut costs by 20% across its brands by the end of 2028, Reuters reportsEli Lillyintends to turn India into a hub for its global supply chain, Reuters saysBayeris preparing a $10.5B settlement plan to address ongoing and future cancer claims tied to Roundup, Bloomberg says4. MOVERS:Compass Pathwaysincreases in New York after announcing itsachieved its primary endpointZIM Integratedgains in New York after announcing it will be(HLAGF) for $35 per share in casheTorohigher in New York afterand approving a $100M increase to its share repurchase programOcular Therapeutixfalls after reporting results from the SOL-1of AxpaxliNeoGenomicslower afterand providing guidance for FY265. EARNINGS/GUIDANCESomnigroupand provided guidance for FY26, with CEO Scott Thompson commenting, "These results mark a continuation of the strength we displayed throughout the year"Itronand provided guidance for Q1 and FY26LGI Homes, with EPS beating consensusValmont, with EPS and revenue missing consensusLeidos, with CEO Tom Bell commenting, "Our performance this quarter and throughout the year underscores the incredible resilience of our team"INDEXES:Near midday, the Dow was up 0.13%, or 63.60, to 49,564.53, the Nasdaq was down 0.07%, or 16.05, to 22,530.62, and the S&P 500 was up 0.04%, or 2.41, to 6,838.58.

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.CHINA-U.S. CAR PARTNERSHIPS:FordCEO Jim Farley spoke with senior White House officials about a potential roadmap for Chinese car makers to manufacture vehicles in the U.S. by partnering with American car companies, Bloomberg's David Welch, Keith Naughton, and Jenny Leonard, citing people familiar with the discussions. The rough framework that was talked about between Farley and Trump administration cabinet members last month would let Chinese automakers build vehicles in the U.S. through joint ventures with domestic automakers in which the U.S. firm holds a controlling interest, the authors say. Other publicly traded companies in the space include BYD, Geely, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.METAL TARIFF:White House officials said there will not be any alterations to President Donald Trump's sweeping tariffs on steel and aluminum and thousands of other products made from such metals unless the president himself announces any changes, Reuters' David Lawder. A Trump administration official, in response to reporting that said the U.S. was planning to scale back tariffs on some steel and aluminum goods with certain exemptions, said that Trump "will never compromise on reinvigorating the domestic manufacturing that is critical to our national and economic security, especially steel and aluminum production," the author says. The official added that the White House was implementing "a nimble and nuanced tariff agenda" to increase U.S. output in the steel, aluminum and other manufacturing industries, the author notes. Publicly traded companies in the steel space include ArcelorMittal, Cleveland-Cliffs, Nucor, Steel Dynamicsand U.S. Steel. Publicly traded companies in the aluminum space include Alcoa, Kaiser Aluminum, and Century Aluminum.BARDA CONTRACT:GE HealthCareannounced a new approximately $35M expansion to a previous contract with the Biomedical Advanced Research and Development Authority, or BARDA, part of the Administration for Strategic Preparedness and Response, or ASPR, within the U.S. Department of Health and Human Services, or HHS. The expansion is structured as a cost-share between BARDA and GE HealthCare, with BARDA providing the majority of funding. This jointly funded expanded agreement builds on the existing program announced in October 2023 and reflects continued momentum to develop artificial intelligence-powered ultrasound solutions and new platforms to support trauma assessment and preparedness for mass casualty incidents.