Rivian’s made-in-the-USA production strategy is offering shelter from the auto stock sell-off
As most major global automakers tumble under the weight of new US tariffs, Rivian is riding high.
Shares of the electric vehicle maker are up more than 6% on Thursday because the stated goal of these tariffs — to boost American auto production for national security concerns — is something that Rivian’s already done. Its output comes from a plant in Normal, Illinois, with plans to build another manufacturing facility in Georgia next year.
Goldman Sachs analyst Mark Delaney suggested that companies like Rivian and Tesla, which domestically manufacture the cars they sell in the US, would be less impacted by the levies. They might face challenges from increased taxes on imported parts, but they’ll avoid any pain when it comes to assembled vehicles, in contrast to other leading automakers.
