Rivian climbs as it rolls out a “universal hands-free” update and scores an upgrade from Baird
Shares of EV maker Rivian are on pace for their 10th best day of 2025 on Thursday, following an upgrade from Baird to “buy” from “hold” and the rollout of its new hands-free driving update.
Baird raised its price target on Rivian nearly 79% to $25, writing that “2026 is the year of R2.”
Meanwhile, Rivian says its new hands-free feature will allow drivers to take their hands off the wheel across 3.5 million miles of US and Canadian roads.
Despite referring to it as “universal hands-free” driving, the EV maker says the feature will not stop or slow for traffic lights or stop signs, follow navigation systems, or make turns, and will function only on roads with visible lane lines.
Rivian revealed the update at its AI Day last week, when it also hinted at a robotaxi plan.
Meanwhile, Rivian says its new hands-free feature will allow drivers to take their hands off the wheel across 3.5 million miles of US and Canadian roads.
Despite referring to it as “universal hands-free” driving, the EV maker says the feature will not stop or slow for traffic lights or stop signs, follow navigation systems, or make turns, and will function only on roads with visible lane lines.
Rivian revealed the update at its AI Day last week, when it also hinted at a robotaxi plan.