RIVN Stock News: Rivian shares dip as company teases major announcement

NASDAQ:RIVN fell by 0.64% during Friday’s trading session.
Rivian teases a major production announcement for next week.
Tesla investors are on edge as Musk sells more shares and tweets about stepping down.

Stocks Reporter FXStreet

NASDAQ:RIVN had an anticlimactic end to a positive week as the stock won the praises of Wall Street analysts across the board. Shares of RIVN fell flat on Friday and closed the trading day at $114.66 after dipping by 0.64%. It was another mixed session as growth stocks took a beating in the morning but managed a mini rally into the closing bell. All three major indices finished the final trading day of the week in the green, as the S&P 500 capped off its best overall week since March of this year.

Stay up to speed with hot stocks' news!

The major announcement that Rivian has teased for next week seems to be that the company is establishing a new state of the art production facility in the state of Georgia. Rivian has been on the lookout for a second location in America with its first one located in Illinois. This new facility is anticipated to produce over 200,000 vehicles per year as the company undertakes to rapidly scale up its production levels. There is also a rumor that Rivian is eyeing a location in Europe for its third facility, which would likely lead to an expansion into the continent sooner rather than later.

Rivian stock forecast

Tesla (NASDAQ:TSLA) investors were a little on edge again this week as CEO Elon Musk sold another $1 billion in shares, bringing his total selling spree up to $12 billion worth of stock. Musk also tweeted that he has been thinking of stepping down from his position to become a content creator instead. The tweet was likely sent with a tongue in cheek tone, but it isn’t the first time Musk has talked about vacating the corner office. Shares of Tesla were up 1.32% during Friday’s session.

Like this article? Help us with some feedback by answering this survey:

Author

Stocks Reporter

FXStreet

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

No soft target: Warsh vows to return inflation to 2%

The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target and warning that the Fed would not hesitate to act.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.