Rivian Automotive, Inc. (RIVN)

NASDAQ: RIVN · Real-Time Price · USD
10.49
+0.05 (0.48%)
At close: Oct 7, 2024, 4:00 PM
10.48
-0.01 (-0.09%)
After-hours: Oct 7, 2024, 7:59 PM EDT
0.48%
Market Cap 10.58B
Revenue (ttm) 5.01B
Net Income (ttm) -5.79B
Shares Out 1.01B
EPS (ttm) -5.95
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 28,950,859
Open 10.38
Previous Close 10.44
Day's Range 10.25 - 10.57
52-Week Range 8.26 - 24.62
Beta 2.04
Analysts Buy
Price Target 17.57 (+67.49%)
Earnings Date Nov 7, 2024

About RIVN

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. It provides consumer services, such as digital financing and leasing, telematics-based insurance, vehicle maintenance and repair services, software services, and charging solutions. In addition, the company designs, develops, manufactur... [Read more]

IPO Date Nov 10, 2021
Employees 16,790
Stock Exchange NASDAQ
Ticker Symbol RIVN
Full Company Profile

Financial Performance

In 2023, Rivian Automotive's revenue was $4.43 billion, an increase of 167.43% compared to the previous year's $1.66 billion. Losses were -$5.43 billion, -19.55% less than in 2022.

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for RIVN stock is "Buy." The 12-month stock price forecast is $17.57, which is an increase of 67.49% from the latest price.

Price Target
$17.57
(67.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rivian applies for federal loan to restart Georgia EV factory construction

Rivian Automotive has applied for a federal loan to enable the construction of its electric vehicle factory in Georgia, according to a filing by the Department of Energy.

3 days ago - Reuters

3-Stock lunch: Rivian, JPMorgan, & Fedex

Doug Butler, Rockland Trust, senior vice president and director of research, joins CNBC's 'Power Lunch' to discuss three stocks: Rivian, JPMorgan Chase, and Fedex.

Other symbols: FDXJPM
3 days ago - CNBC Television

Stock Market Today: Stocks Drop Ahead of September Jobs Report

Stocks were choppy Thursday as investors took in a higher-than-expected rise in jobless claims and strong growth in the services sector.

Other symbols: SAVETSLA
3 days ago - Kiplinger

RIVN Stock Drops as Rivian Reduces Production Forecast

Shares of Rivian (RIVN, Financial) experienced a significant decline of 4.87% following the company's announcement to lower its annual 2024 production estimate, citing ongoing supply chain issues. The...

3 days ago - GuruFocus

Rivian Slashes Production Targets

Rivian shares tumbles Friday morning after the EV maker cut its annual production target, citing a worsening supply crunch at its only US assembly plant. Bloomberg's Ed Ludlow joined "Bloomberg Open I...

3 days ago - Bloomberg Technology

Rivian Stock Falls After EV Maker Misses Delivery Estimates, Warns of a Parts Shortage

Rivian Automotive (RIVN) shares sank Friday as the electric vehicle maker missed third-quarter delivery estimates and slashed its full-year production outlook because of difficulties in getting a part...

3 days ago - Investopedia

Rivian Slashes FY24 Production Guidance Amid Supply Chain Challenges

Rivian Automotive (RIVN, Financial) faces a setback as it cuts its FY24 production guidance by up to 10,000 units due to worsening component shortages. This follows earlier warnings from CEO Robert Sc...

3 days ago - GuruFocus

Rivian Stock Sinks on Deliveries Miss, Production Outlook

Rivian stock is spiraling Friday after the EV maker reported dismal Q3 deliveries and cut its production outlook for the year. Here's what you need to know.

3 days ago - Kiplinger

RIVN: Supply Shortage Impacts Stock

Rivian Automotive (RIVN, Financial) shares experienced a significant drop, with the stock falling by 7.05% following the company's announcement of revisions to its vehicle production forecasts due to ...

3 days ago - GuruFocus

Rivian (RIVN) Lowers 2024 Production Forecast Amid Component Shortages

Shares of U.S. electric vehicle startup Rivian Automotive (RIVN, Financial) declined after the company announced third-quarter vehicle deliveries fell short of analyst expectations. In addition, Rivia...

3 days ago - GuruFocus

Cramer's Mad Dash: Rivian

CNBC's Jim Cramer delivers his daily Mad Dash.

3 days ago - CNBC Television

Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations

Shares of Rivian Automotive fell about 8% during premarket trading Friday after the electric vehicle startup lowered its annual production forecast for 2024. Rivian said the lower production target — ...

3 days ago - CNBC

Rivian Automotive Cuts Production Outlook, Joins EVgo And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Friday.

Other symbols: EVGO
3 days ago - Benzinga

Rivian (RIVN) Shares Drop Amid Production Disruptions and Lower Delivery Forecast

Rivian (RIVN, Financial) experienced a 6.3% decline in pre-market trading, approaching its lowest point in over four months. This drop follows the electric vehicle manufacturer's announcement of produ...

3 days ago - GuruFocus

Rivian deliveries fall as component shortage slows production

Rivian says it will build fewer vehicles this year than it did in 2023, the result of a supply chain problem that popped up in the third quarter that has “become more acute in recent weeks.”

3 days ago - TechCrunch

Rivian Stock Falls. Production Is a Problem.

Rivian revises its 2024 production guidance midpoint to 48,000 vehicles, down from prior guidance of 57,000 vehicles.

3 days ago - Barrons

Rivian's stock dives after production outlook was cut due to parts shortages

Rivian's stock took a dive Friday, after the electric vehicle maker said it was experiencing a supply shortage, prompting a cut to its full-year production guidance.

3 days ago - Market Watch

Rivian lowers annual production forecast due to parts shortage

Rivian said it slashed its full-year production forecast on Friday and delivered fewer vehicles in the third quarter than analysts had expected, as the startup grapples with a parts shortage and slowi...

3 days ago - Reuters

Rivian Releases Q3 Production and Delivery Figures, Updates 2024 Annual Production Outlook and Sets Date for Third Quarter 2024 Results

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles a...

3 days ago - Business Wire

IQHQ Executes on Retail Leasing; Leading Luxury Lifestyle Club Equinox Coming to Research and Development District (RaDD)

SAN DIEGO--(BUSINESS WIRE)--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 transform...

4 days ago - Business Wire

Rivian: Buy The Dip, Patience Is The Key As Second-Gen R1 Hits The Market

Rivian: Buy The Dip, Patience Is The Key As Second-Gen R1 Hits The Market

12 days ago - Seeking Alpha

Ford, GM and Rivian may get caught by a ‘China butterfly effect,' this investment bank says

Some U.S. auto makers are more vulnerable to increased competition from China and face market-share loss, analysts at Morgan Stanley say.

Other symbols: FGM
12 days ago - Market Watch

Morgan Stanley downgrades GM, Ford, and Rivian amid Chinese competition and market pressures

Morgan Stanley revised its outlook on the US auto industry, lowering its assessment from ‘Attractive' to ‘In-Line', and downgraded major US automakers including General Motors, Ford, and Rivian as par...

Other symbols: FGM
12 days ago - Invezz

TSLA Gets Price Target Hike; F, GM & RIVN Stall on Downgrade

Piper Sandler raised its price target on Tesla (TSLA) to $310 from $300, and upped its estimates for expected 3Q deliveries. The same can't be said for several American automakers after getting a down...

Other symbols: GMFTSLA
12 days ago - Schwab Network

Ford, GM, and Rivian Catch Stock Downgrades. This One Hurts.

Wednesday, Morgan Stanley analyst Adam Jonas cut his ratings on GM, Ford, and Rivian stocks. All three are falling in early trading.

Other symbols: FGM
12 days ago - Barrons