From Nasdaq: 2025-02-14 13:18:29

Rivian Automotive (NASDAQ: RIVN) stock is on a winning streak, with shares surging 6.6% on Thursday and up an additional 4.5% on Friday. Speculation about a potential large EV purchase by the U.S. government and anticipation of Rivian’s upcoming quarterly report are driving the momentum.

Reports surfaced about a potential $400 million purchase of armored electric vehicles by the U.S. State Department, with a focus on Tesla Cybertrucks. Tesla CEO Elon Musk leading cost-cutting efforts for the government has raised concerns about conflicts of interest. Rivian investors are awaiting the company’s Q4 report on Feb. 20.

As Rivian gears up for production of its next-generation R2 SUVs, analysts expect an 8.5% year-over-year revenue growth in the upcoming report. The focus will be on consumer interest in the R2 vehicle, liquidity position, and cost-reduction efforts, which could impact the stock’s performance.

Investors considering Rivian should note that while the stock is gaining, it wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team. They provide insights on potential stocks for high returns, emphasizing the importance of a well-rounded investment strategy for long-term success.



Read more at Nasdaq: Why Rivian Stock Jumped Friday