Rivian Automotive, Inc. (RIVN)
| Market Cap | 22.24B |
| Revenue (ttm) | 3.78B |
| Net Income (ttm) | -5.63B |
| Shares Out | 948.00M |
| EPS (ttm) | -6.03 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 21,364,479 |
| Open | 23.60 |
| Previous Close | 23.54 |
| Day's Range | 23.10 - 23.93 |
| 52-Week Range | 11.68 - 28.06 |
| Beta | 1.94 |
| Analysts | Buy |
| Price Target | 26.89 (+14.62%) |
| Earnings Date | Feb 27, 2024 |
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]
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 StatementsAnalyst Forecast
According to 19 analysts, the average rating for RIVN stock is "Buy." The 12-month stock price forecast is $26.89, which is an increase of 14.62% from the latest price.
News
Rivian is all set to start 2024 with a bang
As we head into 2024, the electric vehicle (EV) space remains one of the most closely watched by investors. All told it's had a decent year, but one that's far from its best.
BEVs are out, hybrids are in; here's where to invest
The BEV battery electric vehicle market isn't extinct or even dying. Still, several developments suggest that it has matured quicker than expected, demand is less than forecast, and the hybrid vehicle...
Rivian Stock Jumps 14% as AT&T Plans to Use Carmaker's EVs Starting in 2024
You may have already seen them delivering Amazon (AMZN) packages, but Rivian Automotive (RIVN) commercial vans will soon be put to work by AT&T (T).
AT&T to Buy Rivian Electric Vehicles, Become Exclusive Connectivity Provider
AT&T will buy Rivian electric vehicles (EVs) and add those vehicles to its fleet in early 2024. In addition, AT&T was named the exclusive connectivity provider for all Rivian vehicles in the United St...
Rivian's stock surges, lifting EV stocks after AT&T order news
Shares of Rivian Automotive Inc. soared Thursday after the EV maker said it will supply electric vehicles for AT&T Inc.'s fleet, its first major announcement after it ended an exclusivity deal with Am...
Here's why Wells Fargo's Colin Langan is bearish on the auto sector
Colin Langan, Wells Fargo senior equity analyst, joins 'Squawk on the Street' to discuss Langan's top pick in the auto sector, why the analyst is bearish on the sector, and the demand question for the...
AT&T to buy Rivian electric vehicles in pilot deal to cut cost, emissions
U.S. wireless carrier AT&T will purchase some electric vehicles from startup Rivian in a pilot program to evaluate ways to reduce cost, cut carbon emissions and improve safety, the companies said on T...
AT&T and Rivian Team up to Reduce CO2 Emissions and Enable Smart, Connected Vehicles
IRVINE, Calif. & DALLAS--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) and AT&T* have today announced that they have signed an agreement for AT&T to purchase Rivian electric vehicles (EVs) f...
Rivian stock price forecast: Stifel sees another 21% upside from here
Rivian Automotive Inc (NASDAQ: RIVN) has gained close to 25% over the past month but a Stifel analyst is convinced that's just a drop in the bucket compared to where the stock is headed.
Buy Rivian Stock, not Lucid, Says Analyst. Both Are Rising, Anyway.
Stifel analyst Stephen Gengaro launched coverage of electric-vehicle makers Rivian and Lucid at Buy and Hold, respectively. The analyst had upbeat comments for the EV sector in general.
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.
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...
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...
Rivian Adds Vehicle Leases as It Ramps Up Production
Car buyers interested in a Rivian EV can now lease it for the first time.
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.
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.
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...
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...
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.
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.
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.
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...
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...