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 |
|---|---|---|---|
| 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 |
| 9/5/2024 | Peer Perform | Wolfe Research | |
| 6/28/2024 | $13.00 → $20.00 | Buy | Needham |
| 6/26/2024 | $15.00 → $19.00 | Overweight | Cantor Fitzgerald |
| 6/26/2024 | $15.00 → $20.00 | Outperform | Wedbush |
| 6/25/2024 | $18.00 | Buy | Guggenheim |
| 4/18/2024 | $18.00 → $13.00 | Buy | Needham |
| 4/16/2024 | $9.00 | Sell → Neutral | UBS |
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
10-Q - Rivian Automotive, Inc. / DE (0001874178) (Filer)
SCHEDULE 13G - Rivian Automotive, Inc. / DE (0001874178) (Subject)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
10-Q - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
New joint venture (JV) with a total deal size of up to $5.8 billion combines the strength of both partners to create cutting-edge software and electronics architectures and scale the electric vehicle platforms and architectures. Engineers join the JV to create electric architecture and software for next generation Software Defined Vehicles (SDV). JV to be co-led by Wassym Bensaid (Rivian) and Carsten Helbing (Volkswagen Group). Oliver Blume, CEO Volkswagen Group: "The partnership with Rivian is the next logical step in strengthening our global competitive and technological position." Rivian CEO RJ Scaringe: "We're thrilled to see our technology being integrated in vehicles outs
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced that on Wednesday, November 13, 2024, at 7:55 a.m. CT, Rivian CFO Claire McDonough will participate in a fireside chat at Baird's Global Industrial Conference. A live webcast will be available here. About Rivian: Rivian (NASDAQ:RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consume
Reaffirmed 2024 delivery outlook of 50,500 to 52,000 vehicles Secured R2 battery cell supply with multi-year LG Energy Solution contract Company on track for positive gross profit for fourth quarter 2024 Launched R1 Tri-Motor configuration Rivian Automotive, Inc. (NASDAQ:RIVN) today announced its third quarter 2024 financial results. In the third quarter the company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period. The company remains on track for positive gross profit for the fourth quarter of 2024. This is expected to be driven primarily by improvements in revenue per unit, variable cost per unit,
USA News Group News Commentary Issued on behalf of Battery X Metals Inc. VANCOUVER, BC, Nov. 1, 2024 /PRNewswire/ -- Within one of its recent reports, the World Economic Forum is warning that while governments around the world are pushing for a clean energy transition, rising and demand for and limited supply of critical materials could hamper this process. This is echoed by the International Energy Agency in a report that highlights a need global critical materials trade, as well as massive increases needed in deployment of Solar PV, Batteries, and other Green Tech by 2035 to achieve net zero emissions by 2050. To help the cause, experts at the Center on Global Energy Policy of Columbia|SI
AUSTIN, Oct. 31, 2024 (GLOBE NEWSWIRE) -- RWE, the third largest renewable energy company in the U.S., today announced it signed a long-term power purchase agreement (PPA) with electric vehicle manufacturer Rivian for the electricity from an upgraded RWE wind project in West Texas. The PPA underlines RWE's ability to support the demand for clean electricity from manufacturing, technology and other energy-intensive sectors. Under the 15-year PPA, electricity from RWE's Champion Wind, a 127 megawatt (MW) wind farm in Nolan and Mitchell Counties will help supply Rivian's fast-charging network, the Rivian Adventure Network, with 100% renewable energy. The project contributes to Rivian's visi
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
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,
IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQ:RIVN) today announced that on Wednesday September 11, 2024, at 10:30 AM PT, Rivian founder and CEO RJ Scaringe will participate in a fireside chat at Morgan Stanley's 12th Annual Laguna Conference. A live webcast will be available here. Investor [email protected] Media ContactHarry Porter: [email protected] About Rivian: Rivian (NASDAQ:RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accele
IRVINE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQ:RIVN) has today announced that on Monday, Sept 9th, 2024, at 08.50am PT, Rivian's CFO, Claire McDonough will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference. A live webcast will be available here. Investor [email protected] Media ContactHarry Porter – [email protected] About Rivian: Rivian (NASDAQ:RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating
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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)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc. (NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday. What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%. Stellantis NV (NYSE:STLA) and Ford suffered the most significant declines at 6.84% and 13.46%, respectively, according to Benzinga Pro data. Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations. Investors expressed concerns about a lower-than-expected auto gross margin and free cash flow. CEO Elon Musk’s c
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower in premarket today. The company is reportedly set to face trial over accusations that it prompted former Tesla Inc. (NASDAQ:TSLA) employees to steal trade secrets, according to a preliminary ruling by a California judge. Judge Theodore C. Zayner of the Santa Clara County Superior Court tentatively refused Rivian’s request to dismiss the case, asserting that Tesla had provided sufficient evidence for the case to proceed to trial, reported Reuters. The judge highlighted that some Rivian employees were inadequately investigated and not disciplined, which supports Tesla’s claims. The legal dispute originated in 2020 when Tesla
https://www.reuters.com/business/autos-transportation/rivian-face-trial-tesla-trade-secrets-theft-case-judge-says-2024-07-24/
Electric vehicle company Rivian Automotive Inc (NASDAQ:RIVN) shared a new vehicle reservation milestone for the highly anticipated R2 SUV coming in 2026. What Happened: Rivian unveiled the R2 SUV in March as a sub-$50,000 electric vehicle set to help the company increase deliveries and demand and have a competing vehicle to Tesla Inc's (NASDAQ:TSLA) Model Y. The company recently highlighted passing 100,000 pre-orders of the R2 ahead of the vehicle's launch. "We're well over 100,000 pre-orders for R2," Rivian Vice President of Manufacturing Tim Fallon said at a company event, as reported by Electrek. Fallon said new upgrades at Rivian's Normal factory will increase production by a
Tesla Inc.’s (NASDAQ:TSLA) rivals have replicated its Model Y in a bid to develop cheaper EVs, resulting in a lack of choice for customers in the U.S. EV market looking for cheaper electric vehicles, according to Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe. What Happened: The slowdown in EV sales, as per Scaringe, is largely owing to the ‘truly extreme’ lack of choice within the U.S. EV market for vehicles priced under $50,000. “If you want to spend less than $50,000 for an EV, I'd say there's a very, very small number of great products. Tesla Model 3 and Model Y are highly compelling, great products, but they don't have a lot of competition,” Scaringe said in an interview with The
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 2.75% to $17.21 Monday morning, despite a lack of company-specific news for the session. The market is rising due to expectations of a positive earnings season, with investors optimistic about strong financial reports and a potential Federal Reserve rate cut. Additionally, the recent political shift with President Biden stepping down and the rising odds of a Trump victory, who is known for his pro-business stance, might be bolstering investor sentiment. Bargain hunting in previously beaten-down stocks and a favorable economic outlook further contribute to the market's upward momentum. Read Also: What’s Going On With AT&T
Cantor Fitzgerald analyst Andres Sheppard reiterates Rivian Automotive (NASDAQ:RIVN) with a Overweight and maintains $19 price target.
While Tesla Inc‘s (NASDAQ:TSLA) sales in the U.S. have been dropping since the start of the year, South Korean automaker Hyundai Motor (OTC:HYMTF) and Japanese player Toyota Motor Corp (NYSE:TM) have been gaining ground in the country. Tesla Sales Drop: Tesla sales in the U.S. fell by nearly 10% since the start of the year and through the end of the second quarter, according to Kelley Blue Book estimates. Tesla does not segment its deliveries geography-wise, leaving third-party data as the sole means of tracking their sales in the country. As per the data, Tesla sold 304,451 units in the first half of the year as opposed to 336,892 vehicles in the corresponding period of last year.
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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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
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced that on February 28th, after market close, the company will release its fourth quarter and full year 2022 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 here, and a replay will be available for four weeks at www.rivian.com/investors following the webcast. About Rivian: Rivian 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
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
Wolfe Research resumed coverage of Rivian Automotive with a rating of Peer Perform
Needham reiterated coverage of Rivian Automotive with a rating of Buy and set a new price target of $20.00 from $13.00 previously
Cantor Fitzgerald reiterated coverage of Rivian Automotive with a rating of Overweight and set a new price target of $19.00 from $15.00 previously
Wedbush reiterated coverage of Rivian Automotive with a rating of Outperform and set a new price target of $20.00 from $15.00 previously
Guggenheim initiated coverage of Rivian Automotive with a rating of Buy and set a new price target of $18.00
Needham reiterated coverage of Rivian Automotive with a rating of Buy and set a new price target of $13.00 from $18.00 previously
UBS upgraded Rivian Automotive from Sell to Neutral and set a new price target of $9.00