Stock Track | Rivian Automotive Soars 5.03% Despite Potential Competition from New Budget-Friendly EV Truck

Stock Track05-08

Rivian Automotive, Inc. (RIVN) saw its stock soar 5.03% during intraday trading, despite news of a potential new competitor in the electric vehicle (EV) market. The surge comes as investors appear to be shrugging off concerns about a new budget-friendly electric truck that could challenge Rivian's market position.

Jeff Bezos-backed startup Slate is planning to introduce a compact electric truck with a base price of around $27,000, which could cost less than $20,000 after federal EV tax credits. This pricing strategy puts Slate's offering at a significant discount compared to Rivian's R1T, which starts at $71,700. The new entrant is targeting a 2026 delivery date, potentially posing a future threat to established EV manufacturers like Rivian and Tesla.

Despite this potential competition, Rivian's stock performance suggests that investors remain confident in the company's current market position and growth prospects. The stark price difference between Slate's proposed model and Rivian's premium offerings may indicate that the two companies could be targeting different market segments, allowing room for both to coexist in the expanding EV market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140802048?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-05-08 23:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140802048","market":"sg","top_or_hot":-1,"title":"Stock Track | Rivian Automotive Soars 5.03% Despite Potential Competition from New Budget-Friendly EV Truck","media":"Stock Track","content":"<p>Rivian Automotive, Inc. (RIVN) saw its stock soar 5.03% during intraday trading, despite news of a potential new competitor in the electric vehicle (EV) market. The surge comes as investors appear to be shrugging off concerns about a new budget-friendly electric truck that could challenge Rivian's market position.</p>\n\n<p>Jeff Bezos-backed startup Slate is planning to introduce a compact electric truck with a base price of around $27,000, which could cost less than $20,000 after federal EV tax credits. This pricing strategy puts Slate's offering at a significant discount compared to Rivian's R1T, which starts at $71,700. The new entrant is targeting a 2026 delivery date, potentially posing a future threat to established EV manufacturers like Rivian and Tesla.</p>\n\n<p>Despite this potential competition, Rivian's stock performance suggests that investors remain confident in the company's current market position and growth prospects. The stark price difference between Slate's proposed model and Rivian's premium offerings may indicate that the two companies could be targeting different market segments, allowing room for both to coexist in the expanding EV market.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Rivian Automotive Soars 5.03% Despite Potential Competition from New Budget-Friendly EV Truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Rivian Automotive Soars 5.03% Despite Potential Competition from New Budget-Friendly EV Truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-05-08 23:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Rivian Automotive, Inc. (RIVN) saw its stock soar 5.03% during intraday trading, despite news of a potential new competitor in the electric vehicle (EV) market. The surge comes as investors appear to be shrugging off concerns about a new budget-friendly electric truck that could challenge Rivian's market position.</p>\n\n<p>Jeff Bezos-backed startup Slate is planning to introduce a compact electric truck with a base price of around $27,000, which could cost less than $20,000 after federal EV tax credits. This pricing strategy puts Slate's offering at a significant discount compared to Rivian's R1T, which starts at $71,700. The new entrant is targeting a 2026 delivery date, potentially posing a future threat to established EV manufacturers like Rivian and Tesla.</p>\n\n<p>Despite this potential competition, Rivian's stock performance suggests that investors remain confident in the company's current market position and growth prospects. The stark price difference between Slate's proposed model and Rivian's premium offerings may indicate that the two companies could be targeting different market segments, allowing room for both to coexist in the expanding EV market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIVN","symbol_name":"Rivian Automotive, Inc.","start_time":0,"source_url":"","article_id":"1140802048","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140802048","pubTimestamp":1746719323,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Rivian Automotive, Inc.  saw its stock soar 5.03% during intraday trading, despite news of a potential new competitor in the electric vehicle  market. The surge comes as investors appear to be shrugging off concerns about a new budget-friendly electric truck that could challenge Rivian's market position.Jeff Bezos-backed startup Slate is planning to introduce a compact electric truck with a base price of around $27,000, which could cost less than $20,000 after federal EV tax credits. This pricin","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"translate_title":"尽管来自新型经济型电动卡车的潜在竞争，Rivian汽车公司股价仍飙升5.03%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIVN":1},"content_text":"Rivian Automotive, Inc. (RIVN) saw its stock soar 5.03% during intraday trading, despite news of a potential new competitor in the electric vehicle (EV) market. The surge comes as investors appear to be shrugging off concerns about a new budget-friendly electric truck that could challenge Rivian's market position.\nJeff Bezos-backed startup Slate is planning to introduce a compact electric truck with a base price of around $27,000, which could cost less than $20,000 after federal EV tax credits. This pricing strategy puts Slate's offering at a significant discount compared to Rivian's R1T, which starts at $71,700. The new entrant is targeting a 2026 delivery date, potentially posing a future threat to established EV manufacturers like Rivian and Tesla.\nDespite this potential competition, Rivian's stock performance suggests that investors remain confident in the company's current market position and growth prospects. The stark price difference between Slate's proposed model and Rivian's premium offerings may indicate that the two companies could be targeting different market segments, allowing room for both to coexist in the expanding EV market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"CCBot/2.0 (https://commoncrawl.org/faq/)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.34.0","shortVersion":"4.34.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140802048"}