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Rivian Stock Gets a Boost After a Positive Review from Wall Street
Rivian’s stock got a nice bump on Monday, going up 3.6% to $13.47, thanks to a thumbs-up from a Wall Street expert. Mickey Legg, an analyst from Benchmark, started covering Rivian and gave it a “Buy” rating with a price target of $18. In plain terms, he thinks the stock is a good investment and believes its value could grow significantly. Why the Buzz? Legg is optimistic about Rivian’s future. He sees the electric vehicle (EV) market growing a lot…
Rivian’s Software Roadmap for 2025 and Beyond is Packed With New Features
Update: Rivian launched SiriusXM, Google Cast, and YouTube with its December 2024.47 update! As 2024 winds down, it’s time to look ahead to what Rivian has planned for its software in 2025 and beyond. Wassym Bensaid, Rivian’s head of software, and the team have teased an exciting list of updates and features designed to improve both current and future vehicles. From long-requested additions to cutting-edge innovations, here’s everything that’s on the horizon for Rivian owners. Note: Everything listed below has…
Rivian’s December 2024 Deals: What You Need to Know
If you’ve been considering a Rivian R1T or R1S, December might be the perfect time to make your move. Rivian has rolled out a range of enticing offers, from financing and leasing perks to exclusive savings for Gen 1 owners. Here’s a breakdown of what’s available: Financing Offer: 2.99% APR Leasing Offer: $999/Month Stealth Package Savings $3,500 Loyalty Offer for Gen 1 Owners Referral Bonus $7,500 Lease Credit
U.S. Electric and Hybrid Vehicle Sales Hit Record in Q3 2024
Electric and hybrid vehicles continued their climb in popularity, making up 19.6% of new light-duty vehicle sales in the U.S. during Q3 2024, according to Wards Intelligence. This is up from 19.1% in the previous quarter, driven by record hybrid vehicle sales, which now account for 10.8% of the market. Key Highlights BEV Costs and Incentives The average price for a battery electric vehicle in Q3 was $56,351, about 16% higher than the industry average. Federal tax incentives remain a key factor, but strict requirements for U.S.-based…
Rivian Ranks Low in Reliability—But Here’s Why Owners Don’t Mind
Rivian has wowed owners again this year, topping Consumer Reports’ satisfaction survey. But not everything is perfect. The brand ranked 22nd for reliability, which shows there are still some bumps in the road when it comes to owning an EV from a newer automaker. Why Reliability Is a Challenge Startups like Rivian face growing pains—it’s just part of the deal. Building first-gen vehicles with cutting-edge tech is no small feat, and occasional service delays or software quirks are common. It’s…