Rivian Automotive (RIVN 7.16%), a purveyor of motorized carriages – some for hauling, some for show, and still others for the conveyance of parcels – concluded Tuesday’s trading at a rather melancholy $16.47, a decline of 7.11%. One might observe a certain… agitation amongst the shareholders, a fluttering of hands and muttering of incantations to the market gods. Despite pronouncements from Wall Street oracles – raising their price targets as if attempting to coax a reluctant bear from its slumber – the stock slipped. The air is thick with expectation, particularly regarding the launch of the R2, and the 2026 projections, which hang before us like a poorly painted icon.
The trading volume reached 55.4 million shares, a figure that suggests a rather frantic shuffling of papers and panicked whispers. It’s a surge, you see, some 43% above the usual three-month average of 38.7 million. One wonders if the clerks responsible for tallying these numbers have developed a nervous twitch. Rivian, you will recall, emerged blinking into the public markets in 2021, and has since experienced a decline of 84%. A rather precipitous fall, wouldn’t you agree? Like a nobleman stripped of his estate, or a samovar without water.
How the Markets Moved Today
The S&P 500 (^GSPC +0.10%) edged upwards, a mere 0.10% to finish at 6,843, while the Nasdaq Composite (^IXIC +0.14%) also added a trifling 0.14%, closing at 22,578. These movements, of course, are merely the twitching of a giant beast, barely perceptible to the common observer. Within the realm of electric carriages, Tesla (TSLA 1.63%) closed at $410.63 (-1.63%), and Lucid Group (LCID 3.50%) finished at $9.92 (-3.5%). A general malaise, it seems, has settled upon the electric vehicle manufacturers, as if they have all contracted a peculiar form of melancholy.
What This Means for Investors
Following Rivian’s earnings report last week – a document filled with numbers and projections that would bewilder even the most seasoned accountant – Stifel Nicolaus, Deutsche Bank (DB +1.86%), and Cantor Fitzgerald all raised their price targets, to $20, $23, and $18 respectively. A flurry of activity, one might say, akin to a flock of pigeons descending upon a dropped crust of bread. The stock did, indeed, surge roughly 27% after the report and the R2 announcement, but the R2… ah, the R2. It is crucial, you see. Absolutely vital. The very keystone upon which Rivian’s success rests.
The company reported a positive gross profit in the last quarter, and anticipates 2026 to be its first full year of such. A hopeful sign, to be sure, but one must always be wary of optimism. The R2, you see, is the engine driving this projection. Some investors, however, harbor a nagging suspicion that any slowdown in demand – or, heaven forbid, a failure of execution – could derail the entire enterprise. It is as if they foresee a tiny, mischievous imp lurking within the machinery, ready to throw a wrench into the works at the most inopportune moment.
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2026-02-18 01:24