Rivian Automotive, Inc. develops and manufactures electric adventure vehicles. It offers five-passenger pickup trucks and sports utility vehicles. The company provides electric SUVs and electric pickup vehicles. The company was founded in 2009 and is based in San Jose, California. It has additional facilities in Irvine, Carson, and Palo Alto, California; Normal, Illinois; Woking, United Kingdom; Plymouth, Michigan; Vancouver, Canada; and Wittman, Arizona.
IPO Year: 2021
Exchange: NASDAQ
Website: rivian.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/20/2025 | $19.00 → $13.00 | Overweight → Neutral | Piper Sandler |
3/7/2025 | $12.70 | Hold | TD Cowen |
2/24/2025 | $13.00 → $10.00 | Neutral → Underperform | BofA Securities |
2/21/2025 | $13.00 → $15.00 | Overweight → Neutral | Cantor Fitzgerald |
1/29/2025 | $6.10 | Underperform | Bernstein |
12/18/2024 | $18.00 → $16.00 | Outperform → Neutral | Robert W. Baird |
12/9/2024 | $18.00 | Buy | The Benchmark Company |
11/8/2024 | $20.00 → $13.00 | Buy → Neutral | BofA Securities |
9/25/2024 | $16.00 → $13.00 | Overweight → Equal-Weight | Morgan Stanley |
9/10/2024 | $14.00 | Hold | Deutsche Bank |
On Tuesday, March 18 at 12:30 PM ET, Rivian (NASDAQ:RIVN) Founder and CEO RJ Scaringe will participate in a fireside chat at the Wolfe Research Virtual Autos Summit. Emmanuel Rosner and Shreyas Patil from Wolfe will host. A live webcast of the fireside chat will be available here. About Rivian: Rivian (NASDAQ:RIVN) exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced Sreela Venkataratnam as its new Chief Accounting Officer. Ms. Venkataratnam starts at Rivian on March 10 and will be responsible for overseeing accounting. In this role, Venkataratnam will head up Rivian's financial reporting, tax and trade, internal controls and compliance, finance transformation management and manufacturing controllership. Ms. Venkataratnam joins Rivian with over 25 years of experience in finance and accounting. She was at Tesla from 2013 to 2024, where she most recently served as Vice President of Finance and Business Operations. In this role she was instrumental in building and scaling Tesla's global operations and
Electrified Scoop Trucks to Debut at South by Southwest and Bring Fun to Fans Across the USA IRVINE, Calif., March 4, 2025 /PRNewswire/ -- What's better than companies who want to preserve the world for future generations, unveiling the ice cream truck of the future?Rolling out two electric "scoop trucks," a sweet collaboration between Ben & Jerry's, Vermont's beloved ice cream maker, and Rivian, the all-electric automaker. This alliance brings Ben & Jerry's to fans with outstanding reliability, performance & reduced environmental footprint.Built on the Rivian Commercial Van,
Achieved Q4 2024 gross profit of $170 million Closed Joint Venture with Volkswagen Group and loan from the Department of Energy which provides up to $10 billion of incremental capital* $729 million improvement in Q4 2024 Adjusted EBITDA compared to Q4 2023** Over 1 billion Amazon packages delivered by EDVs Rivian Automotive, Inc. (NASDAQ:RIVN) today announced fourth quarter and full year 2024 financial results. Rivian reported a gross profit of $170 million in the fourth quarter of 2024, primarily driven by improvements in variable costs, revenue per delivered unit, and fixed costs. Rivian expects these improvements to benefit it over the long-term and position the company well to
PORT WASHINGTON, N.Y., Feb. 13, 2025 /PRNewswire/ -- Rivian, a manufacturer of passenger and commercial electric vehicles, has validated the Autel IA900 system as OE-approved equipment for performing "ADAS Camera/Sensor Calibration and Aiming" on its vehicles. With such approval, the IA900 can be used throughout Rivian's global network of Certified Collision Centers and Certified Calibration Centers. "We are proud that yet another automaker has chosen Autel's ADAS calibration technology," said Autel CEO Chloe Hung.The Autel IA900 system, recognized throughout the industry for
Rivian Automotive (NASDAQ:RIVN) has today announced it is opening sales for the Rivian Commercial van to fleets of all sizes in the US. The Rivian Commercial Van is the platform on which Amazon's custom electric delivery van (EDV) is based, and is designed from the ground up, prioritizing safety, driver comfort, total cost of ownership and sustainability. Safety features include automatic emergency braking, collision warnings, and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today. Since the conclusion of Rivian and Amazon's exclusivity period, Rivian has been trialing its commercial van with several large fleets in th
Rivian's next-generation facility to strengthen American innovation will hire more than 7,500 people to produce world-class vehicles Rivian (NASDAQ:RIVN) today announced it has closed its loan agreement with the U.S. Department of Energy's (DOE) Loan Programs Office (LPO) for up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) in financial support for the construction of its next manufacturing facility in Stanton Springs North, near the City of Social Circle, Georgia. These funds will help secure American leadership in electric vehicles while supporting the creation of 7,500 new manufacturing jobs and accelerating the volume expans
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period. On a full-year 2024 basis, the company produced 49,476 vehicles and delivered 51,579. These figures were in line with management's full-year 2024 guidance of 47,000 to 49,000 vehicles produced and 50,500 to 52,000 vehicles delivered. In addition, the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint on Rivian's production. The company also announced that
TORONTO, Dec. 19, 2024 /CNW/ - Today SiriusXM Canada announced that electric vehicle manufacturer Rivian has launched SiriusXM's audio entertainment experience to all new and existing Rivian R1T and R1S models. The collaboration, which directly integrates SiriusXM into Rivian's in-vehicle software, will deliver owners intuitive, user-friendly control over the best 24/7 audio entertainment on the market. All new and existing Rivian owners will be able to opt in and activate a three-month SiriusXM trial subscription directly on their vehicle's centre display. "Rivian is transfor
American all-electric automaker Rivian Automotive (NASDAQ:RIVN) today announced it has received conditional commitment from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States. If finalized, the loan would support the construction of Rivian's next facility in Stanton Springs North, near the city of Social Circle, Georgia, substantially expanding the company's domestic production capacity to support demand fro
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4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
Piper Sandler downgraded Rivian Automotive from Overweight to Neutral and set a new price target of $13.00 from $19.00 previously
TD Cowen initiated coverage of Rivian Automotive with a rating of Hold and set a new price target of $12.70
BofA Securities downgraded Rivian Automotive from Neutral to Underperform and set a new price target of $10.00 from $13.00 previously
Cantor Fitzgerald downgraded Rivian Automotive from Overweight to Neutral and set a new price target of $15.00 from $13.00 previously
Bernstein initiated coverage of Rivian Automotive with a rating of Underperform and set a new price target of $6.10
Robert W. Baird downgraded Rivian Automotive from Outperform to Neutral and set a new price target of $16.00 from $18.00 previously
The Benchmark Company initiated coverage of Rivian Automotive with a rating of Buy and set a new price target of $18.00
BofA Securities downgraded Rivian Automotive from Buy to Neutral and set a new price target of $13.00 from $20.00 previously
Morgan Stanley downgraded Rivian Automotive from Overweight to Equal-Weight and set a new price target of $13.00 from $16.00 previously
Deutsche Bank resumed coverage of Rivian Automotive with a rating of Hold and set a new price target of $14.00
IQHQ, Inc., a premier life science real estate development company, has announced the signing of premium retail leases and an event space operator at RaDD, IQHQ's transformative life science district on San Diego's downtown waterfront. These new, high-quality partnerships total approximately 50% of the district's nearly 200,000 square foot retail footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003314143/en/Rivian Showroom at RaDD. Courtesy IQHQ / Photo by Sudenim Visual Media "RaDD is a premier district designed to benefit both the industry we serve and the broader community with world-class shopping, dining, events,
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth. Gruner is joining Rivian from Porsche Cars North America, Inc. (PCNA), where he was most recently President and CEO. Gruner starts at Rivian today and will report directly to Rivian Founder and CEO RJ Scaringe. At Rivian, Gruner will oversee Rivian's commercial function including Sales, Marketing, Customer Care, Delivery, Service, and Fleet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230901891588/en/Rivian appoints Dr. Kjell Gruner as Chief Commercial Officer and President, B
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Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period. On a full-year 2024 basis, the company produced 49,476 vehicles and delivered 51,579. These figures were in line with management's full-year 2024 guidance of 47,000 to 49,000 vehicles produced and 50,500 to 52,000 vehicles delivered. In addition, the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint on Rivian's production. The company also announced that
Washington, D.C., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rivian, Patagonia and Sol Systems, have joined forces to advance renewable energy in North Carolina through an innovative Renewable Energy Certificate and Community Impact Agreement (REC-CIA). This groundbreaking partnership is centered around the 50 MWac Lick Creek Solar project in Stokes County, NC, which will supply clean energy and contribute to a more sustainable future. The project is not only a step towards reducing carbon emissions but also a demonstration of how businesses can use renewable energy procurement to create positive social and environmental impacts. The Lick Creek Solar project benefits the local community today thr
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period. Rivian is experiencing a production disruption due to a shortage of a shared component on the R1 and RCV platforms. This supply shortage impact began in Q3 of this year, has become more acute in recent weeks and continues. As a result of the supply shortage, Rivian is revising its annual production guidance to be between 47,000 and 49,000 vehicles. The company is also reaffirming its annual delivery outlook of low single digi
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period. Production and delivery results during the second quarter of 2024 were in line with Rivian's expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles. The company also announced that on August 6th, after market close, it will release its second quarter 2024 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending March 31, 2024. The company produced 13,980 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,588 vehicles during the same period. Production and delivery results during the first quarter of 2024 were in line with Rivian's expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles. The company also announced that on May 7th, after market close, it will release its first quarter 2024 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period. On a full-year 2023 basis, the company produced 57,232 vehicles and delivered 50,122. This exceeded management's most recent full-year 2023 production guidance of 54,000 vehicles. The company also announced that on February 21st, after market close, it will release its fourth quarter 2023 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the busin
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production totals for the quarter ending September 30, 2023. The company produced 16,304 vehicles at its manufacturing facility in Normal, Illinois and delivered 15,564 vehicles during the same period. These figures remain in line with the company's expectations, and it believes it is on track to deliver on the 52,000 annual production guidance previously provided. The company also announced that on November 7th, after market close, it will release its third quarter 2023 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production totals for the quarter ending June 30, 2023. The company produced 13,992 vehicles at its manufacturing facility in Normal, Illinois and delivered 12,640 vehicles during the same period. These figures remain in line with the company's expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided. The company also announced that on August 8th, after market close, it will release its second quarter 2023 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be avail
Rivian Automotive, Inc. (NASDAQ:RIVN) has today announced the acquisition of Swedish mapping company Iternio, developer of the ‘A Better Routeplanner' (ABRP) app. ABRP is an industry leader in EV trip planning and has a strong community of EV drivers in both North America and Europe. ABRP gives EV drivers the ability to plan and compare routes and charging stop options. Rivian and Iternio will continue to maintain and improve ABRP as a stand-alone app for drivers of any EV, as well as integrating ABRP's technology into Rivian's in-vehicle navigation system and newly available trip planning experience in the Rivian mobile app. Rivian trip planning, now powered by ABRP, will let drivers p
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production totals for the quarter ending March 31, 2023. The company produced 9,395 vehicles at its manufacturing facility in Normal, Illinois and delivered 7,946 vehicles during the same period. These figures remain in line with the company's expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided. The company also announced that on May 9th, after market close, it will release its first quarter 2023 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be available