Rivian disclosed its Q2 2024 earnings, revealing a $1.46 billion net loss and $1.16 billion in revenue. CEO RJ Scaringe highlighted strong execution and cost reductions, as well as a new joint venture with Volkswagen…

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Transformative technologies offer some of the most significant returns for investors. One area worth exploring is autonomous vehicle stocks. These stocks combine the power of AI and transportation, promising a new age of mobility. One of the main applications of artificial technology today is in autonomous driving. This technology promises to revolutionize how people will drive for decades to come. Across the world, there is rising demand for it, which will undoubtedly drive up the price of these stocks. A major reason why the technology is growing in popularity is that it improves safety. With more drivers looking for the safest solution to their mobility needs, these stocks could boom in the coming months and years. As such, getting into these autonomous vehicle stocks in August could pay by the end of 2024. Below is a breakdown of why these three autonomous vehicle stocks are worth your consideration. Aptiv (APTV) Source: shutterstock.com Aptiv (NYSE: APTV ) is one of the main players in the sector and leads by advancing autonomous driving technology.

Electric vehicle company Rivian Automotive (NASDAQ: RIVN ) draws mixed reactions from analysts over its partnerships and focus on profitability after reporting second-quarter financial results . The Rivian Analysts: Needham analyst Chris Pierce reiterated a Buy rating and lowered the price target from $20 to $18. Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $19 price target. Wedbush analyst Daniel Ives maintained an Overweight rating and $20 price target. RBC Capital analyst Tom Narayan maintained a Neutral rating and $15 price target. Truist analyst Jordan Levy maintained a Hold rating and $16 price target. Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $21 price target. Read Also: Rivian Stock Is Stuck In Reverse Wednesday: What’s Going On? Needham: Pierce said Rivian’s long-term opportunity is "intact" despite near-term uncertainty. "We continue to see RIVN as a long-term winner in the ICE to EV transition," Pierce said. Pierce highlights strong R1 owner satisfaction, a partnership with Volkswagen (OTC: VWAGY ) and a delivery van partnership with Amazon.com Inc (NASDAQ: AMZN ) as items that could help the long-term outlook.

Tonit M Calaway , EVP at BorgWarner (NYSE: BWA ), reported an insider sell on August 6, according to a new SEC filing. What Happened: Calaway''s recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 10,868 shares of BorgWarner . The total transaction value is $344,951. At Wednesday morning, BorgWarner shares are up by 1.65%, trading at $32.38. Get to Know BorgWarner Better BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company''s largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively.

California-based EV startup Rivian Automotive (NASDAQ: RIVN ) is hoping to reap more benefits from its expected joint venture with the German Volkswagen Group in addition to an investment of up to $5 billion. What Happened: “We believe the expected joint venture with Volkswagen Group will allow us to achieve more favorable pricing from suppliers,” Rivian CEO RJ Scaringe said on Tuesday during the company’s second-quarter earnings call . The company expects more favorable pricing on components, chipsets, and printed circuit board assemblies, among others, he added. Rivian announced its intent to form an equally owned JV with German automaker Volkswagen in June. As part of the deal, Volkswagen has made a $1 billion initial investment in Rivian and will make additional investments of up to $4 billion subject to certain conditions for a total deal size … Full story available on Benzinga.com

Exploring the market for companies that could yield massive returns in a few years can be daunting. With high flyers soaring left and right, sticking to your gut and playing the long game takes discipline. However, with diligence and clarity, identifying stocks with the potential to 10x your investment is easier. So, what do you look for in potential 10x stocks? Experts usually watch out for fair valuations, improving financials and favorable long-term prospects. Today, I screened the market for companies displaying these qualities and will happily share my results. For this analysis, I used the following criteria: Return on assets (ROA): More than 10%. Return on assets measures how much profit a company can generate with the assets on its balance sheet. And 5% is considered a good value, so I looked for better. Price-to-sales ratio (P/S): 1.25 and below. The P/S measures the company’s revenue against its current trading price to give investors a general idea of its fair value. A P/S ratio between 1 and 2 is considered good.

Rivian reported Q2 results after market close … Full story available on Benzinga.com

Volkswagen extends creative partnership with Omnicom''s DDB, adding precision marketing to their 60-year collaboration. Learn how this expanded alliance aims to drive innovative campaigns and brand growth.

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- The Volkswagen brand has extended their global creative contract with Omnicom''s DDB for another three years which has been Volkswagen''s creative agency for over six decades. The partnership between Volkswagen and DDB has produced some of the greatest…