Previous Close | 105.00 |
Open | 105.00 |
Bid | 105.85 x N/A |
Ask | 107.65 x N/A |
Day's Range | 105.00 - 105.00 |
52 Week Range | 98.03 - 128.27 |
Volume | |
Avg. Volume | 159 |
Market Cap | 55.277B |
Beta (5Y Monthly) | 1.26 |
PE Ratio (TTM) | 3.50 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 9.06 (8.63%) |
Ex-Dividend Date | May 30, 2024 |
1y Target Est | N/A |
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
SAN FRANCISCO (Reuters) -Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S. electric vehicle maker was in early talks with the German automaker to extend a recent partnership beyond software. German newspaper Handelsblatt reported on Tuesday, citing people familiar with the matter, that an extended partnership might include producing Rivian's smaller and less expensive R2 SUVs at VW's South Carolina plant that is currently being built. "There are no plans for production of vehicles with Volkswagen Group," a Rivian spokesperson said in an email to Reuters.
RBC analyst Tom Narayan raised his price target on the EV stock to $14 from $11. BofA analyst John Murphy issued positive research as well.