8legs: Volkswagen

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Rivian’s stock dropped about 2% during trading, hitting as low as $14.12 on the day.
Volkswagen agreed to a $5.8 billion joint venture to expand Rivian’s backing and capabilities.
Uber’s order for 10,000 autonomous vehicles is cited as a demand catalyst for Rivian.
Rivian is pursuing lower-priced R2 variants to broaden its addressable market.
MarketBeat notes Rivian’s profitability issues and potential lidar-related risks.
Insiders sold shares recently, adding a cautionary note for near-term investors.
MarketBeat provides a consensus Hold rating with an average price target of $18.52 for Rivian.
Analyst activity noted upgrades and downgrades across firms, influencing sentiment.
MarketBeat emphasizes the broad EV market context and capital flows as indirect positives.
Rivian’s quarterly results showed a loss per share and declining revenue year over year.

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#2 out of 2

Auto trade groups urge the USTR to extend USMCA rather than pursue separate bilateral deals.
The letter emphasizes preserving North American supply chains amid rapid tech change.
All seven groups warn splitting USMCA would add complexity and regulatory divergence.
The letter notes the timing ahead of the July review deadline.
Formal bilateral negotiations were planned to start in Mexico City in late May.
The associations include brands like General Motors, Volkswagen, Tesla, Toyota, and Hyundai.
Trump's tariff actions are part of the broader context cited by groups.
Tariffs have affected relative costs of sourcing from different markets.
USMCA requirements include 75% North American content for vehicles.
Industry groups say the agreement delivers tens of billions in efficiency savings yearly.

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