
The embattled EV maker Rivian Automotive (NASDAQ: RIVN) recently got some much-needed good news. Shares rose nearly 8% on Mar. 27 after President Trump announced big-time tariffs on foreign cars and components. This announcement came a week after a large downgrade by analysts at Piper Sandler, which caused shares to fall by 4%. The company also released two other pieces of significant news on Mar. 26.
Below are the specifics surrounding these important pieces of news. First, I’ll discuss the news that came from Rivian itself, then go into detail on this new round of tariffs. I’ll add perspective along the way on whether these are positive or negative developments for Rivian shares.