Rivian Automotive, Inc. (RIVN)
|Net Income (ttm)||-5.63B|
|Day's Range||16.62 - 18.09|
|52-Week Range||11.68 - 31.60|
|Price Target||27.33 (+51.58%)|
|Earnings Date||Nov 7, 2023|
Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California. [Read more]
In 2022, RIVN's revenue was $1.66 billion, an increase of 2914.55% compared to the previous year's $55.00 million. Losses were -$6.75 billion, 44.0% more than in 2021.Financial Statements
According to 18 analysts, the average rating for RIVN stock is "Buy." The 12-month stock price forecast is $27.33, which is an increase of 51.58% from the latest price.
What will electric truck buyers pick? A Cybertriuck, an F-150, a Silverado, or a Rivian R1T.
U.S. carmakers are slated to report their November new-auto sales in the next few days, with Wall Street expecting a surge for the month as sales growth outweighed a slight decline in transaction pric...
So far in 2023, 146 companies have gone public in the U.S. markets, down 16.09% from the same time last year. Although the IPO market has been choppy amid higher interest rates and broad equity market...
Car buyers interested in a Rivian EV can now lease it for the first time.
Rivian has made its R1T electric pickup available to lease in 14 US states. The Tesla rival is experimenting with new ways to attract customers.
Rivian Automotive on Monday announced the launch of leasing for its R1T electric pickup truck for customers in select U.S. states.
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that on Wednesday, November 29, at 12:00pm ET Rivian's CFO, Claire McDonough, will participate in a fireside cha...
Rivian Automotive Inc. RIVN said in a filing late Monday that the company's Chief Product Development Officer Nick Kalayjian is moving to the role of executive vice president, and will continue to rep...
Rivian Automotive said in a regulatory filing on Monday that its Chief Executive Officer Robert Joseph Scaringe is assuming direct responsibility for all product functions.
Soros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during the third quarter.
Rivian Automotive plans to raise nearly $15 billion in debt to help build an electric vehicle manufacturing plant in Georgia, the EV maker said on Monday.
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced Carlo Materazzo as Vice President, Logistics. Materazzo, who starts at Rivian today, brings more than twenty yea...
Amazon Shares Soar By 20% But Ends Exclusivity Deal With Rivian - A Deep Dive Into The E-commerce Giant's Resurgence
Rivian, the renowned automotive company known for pioneering electric vehicle technology, recently made an announcement. Following a successful four-year exclusive collaboration with Amazon, Rivian is...
EV earnings: Rivian raises production guidance, Lucid cuts
Lucid (LCID) stock takes a hit on Wednesday, dropping 8% after cutting its annual EV production forecasts and receiving an analyst downgrade. Fellow EV maker Rivian (RIVN) reported earnings this week,...
Rivian CEO Says New Orders Are Driving Up Prices
Rivian Automotive Inc.'s chief executive officer RJ Scaringe says new orders are driving up the average sales price of its electric vehicles. He also says other fleet operators are interested in their...
Investors seemed unimpressed by Rivian Automotive Inc.'s better-than-expected quarter, and looked ahead at the EV maker's planned downtime and continued cash burn to fret anew.
Rivian raises production forecast to produce 54,000 cars , Lucid cuts production guidance to 8,000
Rivian Automotive (RIVN) shares are trending higher after the electric vehicle maker raised it's production outlook. Rivian now forecasts it will produce 54,000 vehicles this year, up from its previou...
Rivian CEO RJ Scaringe on Q3 beat: Continue to see tremendous amount of excitement for our products
CNBC's Phil LeBeau and Rivian CEO RJ Scaringe join 'Squawk Box' to discuss the company's quarterly earnings results, where the majority of buyers are coming from, growth forecast, competition in the E...
Rivian NASDAQ: RIVN caught the market's attention when it announced Q3 deliveries and set the date for earnings reporting. The company outpaced expectations and reiterated its guidance, which was view...
America's top electric-vehicle startup is in a more stable place than it was, but it still loses too much money on each vehicle it sells.
Contrasting results and forecasts from electric-vehicle makers on Tuesday showed that Rivian Automotive Inc. has a more tangible business model than Lucid Group Inc.
The EV startup also boosted its 2023 production target to 54,000 vehicles, up by 2,000 units, as supply chain headaches ease.
Rivian Ends EV Van Exclusivity Deal With Amazon
Rivian can now sell its electric vans to anyone ending an exclusive deal with Amazon. Rivian still plans to honor its original deal with Amazon to deliver 100,000 vans to the e-commerce giant by 2030.
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter, a result that beat Wall Street expectations and suggested a rosier future, including raising its ...