Rivian Automotive, Inc. (RIVN)

NASDAQ: RIVN · IEX Real-Time Price · USD
+1.27 (7.58%)
At close: Dec 1, 2023, 4:00 PM
-0.04 (-0.22%)
Pre-market: Dec 4, 2023, 5:08 AM EST
Market Cap 17.13B
Revenue (ttm) 3.78B
Net Income (ttm) -5.63B
Shares Out 949.89M
EPS (ttm) -6.03
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 37,975,306
Open 16.81
Previous Close 16.76
Day's Range 16.62 - 18.09
52-Week Range 11.68 - 31.60
Beta 2.05
Analysts Buy
Price Target 27.33 (+51.58%)
Earnings Date Nov 7, 2023

About RIVN

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]

IPO Date Nov 10, 2021
Employees 14,122
Stock Exchange NASDAQ
Ticker Symbol RIVN
Full Company Profile

Financial Performance

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

Analyst Forecast

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.

Price Target
(51.58% upside)
Analyst Consensus: Buy
Stock Forecasts


Cybertruck Is Here. How It Stacks Up Against Ford, GM, and Rivian.

What will electric truck buyers pick? A Cybertriuck, an F-150, a Silverado, or a Rivian R1T.

Other symbols: FGM
2 days ago - Barrons

U.S. November new-car sales seen surging about 10%

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...

Other symbols: FGMTSLA
4 days ago - Market Watch

2023's most anticipated IPOs weren't always the big winners

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...

4 days ago - MarketBeat

Rivian Adds Vehicle Leases as It Ramps Up Production

Car buyers interested in a Rivian EV can now lease it for the first time.

5 days ago - Barrons

Another sign that the future of EV buying is leasing: Rivian leases its $73,000 truck

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.

5 days ago - Business Insider

Rivian launches leasing for R1T electric pickup truck in some US states

Rivian Automotive on Monday announced the launch of leasing for its R1T electric pickup truck for customers in select U.S. states.

6 days ago - Reuters

Rivian to Participate in the Barclays Global Automotive and Mobility Tech Conference

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...

6 days ago - Business Wire

Rivian product development chief moving to EVP role

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...

13 days ago - Market Watch

Rivian CEO assumes direct responsibility of product functions

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.

13 days ago - Reuters

Soros snaps up tech stocks in Q3, but dumps some of the biggest names, along with Rivian

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.

Other symbols: ARMKYMR
19 days ago - Market Watch

Rivian to raise nearly $15 bln in debt for EV plant in Georgia

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.

20 days ago - Reuters

Rivian Hires Carlo Materazzo as Vice President, Logistics

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...

20 days ago - Business Wire

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...

Other symbols: AMZN
24 days ago - Benzinga

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,...

Other symbols: LCID
25 days ago - Yahoo Finance

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...

25 days ago - Bloomberg Technology

Rivian's ‘daunting' production ramp keeps investors cautious

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.

25 days ago - Market Watch

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...

Other symbols: LCID
25 days ago - Yahoo Finance

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...

25 days ago - CNBC Television

Rivian over-delivered and electrified the market; shares surge

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...

25 days ago - MarketBeat

Why Rivian Can't Be the Next Tesla

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.

25 days ago - WSJ

Rivian and Lucid earnings show EV makers going in different directions

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.

Other symbols: LCID
26 days ago - Market Watch

Rivian Wants More Electric Van Customers As Its Exclusive Deal With Amazon Ends

The EV startup also boosted its 2023 production target to 54,000 vehicles, up by 2,000 units, as supply chain headaches ease.

26 days ago - Forbes

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.

Other symbols: AMZN
26 days ago - Bloomberg Markets and Finance

Rivian raises production forecast for 2023, narrows losses in Q3

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 ...

26 days ago - TechCrunch

Rivian and Amazon are no longer exclusive

The exclusivity agreement that Amazon struck with Rivian is now over: The automaker said on Tuesday that it will now let other companies buy its electric vans. Back in 2019, when Amazon pumped more th...

Other symbols: AMZN
26 days ago - TechCrunch