Tag TSLA

Rivian tanked 25% to a record low after it forecast flat growth in annual production, also hurt by a shutdown of its assembly line for upgrades. The companies said an uncertain economic outlook and high interest rates were hitting demand for EVs, echoing remarks from market leader Tesla and legacy automakers like Ford. "Despite having built a highly rated and desirable EV, Rivian appears to have hit a near-term air-pocket and caught the recent EV bug," said Canaccord Genuity analyst George Gianarikas, who cut his price target on the stock by $10 to $20...

Elon Musk has been quick to blame the Fed for his problems, but neither Tesla nor Rivian present a convincing argument why EV growth has slowed to a crawl...

As Meta stock readies a launchpad for even more gains on accelerating growth, Tesla toils well below its key moving averages...

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The port of Vlissingen in the south-west of the Netherlands has been at the heart of world commerce for centuries. Roughly 17,000 cargo ships dock in its deep waters between the North Sea and the river Scheldt every year, laden with everything from vital commodities such as paper, timber, and steel; coal, liquefied gases, fertiliser and other key raw materials; to well as fruit and vegetables that will quickly find their way onto supermarket shelves...

Amazon.com-backed Rivian also said it would cut its workforce by 10%. Rivian, the maker of R1T pickup trucks and R1S SUVs, is planning a weeks-long production shut down this year to upgrade its production line to improve efficiency and cut costs. As a result, Rivian said it expects to produce 57,000 vehicles in 2024, well below estimates of 81,700 units, according to eight analysts polled by Visible Alpha...

All three are excellent stocks, but only one can be the best buy today...