Rivian Automotive, Inc RIVN Stock Price, News, Quote & History

The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets. The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result. That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed into stationary power packs when their EV lifespan is spent. Firstly, the expiration date on those stock options was March 15, 2029 — potentially signaling that leadership is skeptical regarding the company’s long-term prospects.

RIVN highest yielding bonds

That is certainly encouraging news — but on November 25, the company’s CEO, Robert Scaringe, sold approximately $973,000 in RIVN shares, as revealed by an SEC Form 4 filing made public on November 27. While uncertainty remains, the new loan commitment is a positive development for the company, computer vision libraries and why investors ultimately pushed the stock higher today. Rivian still had nearly $8 billion in cash and equivalents, as of June 30. That includes $1 billion from a convertible note issued to Volkswagen as part of that agreement. But the company is preparing to begin construction of its next-generation R2 model next year and plans a future R3 model beyond that. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader aspirations than initially announced for the operations. Goldman Sachs analyst Mark Delaney maintained a neutral rating on Rivian Automotive Inc. Rivian Automotive faces short-term production issues and potential loss of EV tax credits but remains a strong long-term investment with significant cash reserves. Rivian Automotive scored higher than 66% of companies evaluated by MarketBeat, and ranked 39th out of 93 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. However, that second fact isn’t quite enough to quiet bearish speculation — a 10b5-1 plan can include ‘trigger prices’ — allowing insiders to execute sales once favorable conditions are met.

Rivian Stock Is Ripping Higher Monday: What’s Driving The Action?

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. Rivian previously failed to get the lawsuit thrown out and a trial was scheduled for March. It appears an agreement between the two EV makers could bring the dispute to a close before the end of the year. Tesla reportedly told a California judge that it plans to seek dismissal of the case by Dec. 24 if the terms of the settlement are met. Tesla didn’t disclose specifics about the conditional agreement in its court filing.

The company’s shares have started the week on a tear, despite the expectation that Donald Trump will eliminate EV tax credits. If Rivian’s $6.6 billion government loan gets approved, it will support the construction of the EV maker’s new production facility in Georgia. The Forex trading demo account Tesla Inc TSLA Model Y is gaining new praise from the head of a rival automaker as the vehicle continues to be one of the bestselling vehicles in the world. Top institutional investors of Rivian Automotive include Baillie Gifford & Co. (4.99%), Geode Capital Management LLC (1.29%), Wolverine Asset Management LLC and Jane Street Group LLC. Insiders that own company stock include Motor Co Ford, Robert J Scaringe, Kjell Gruner, Claire Mcdonough, Jay T Flatley, Jeff Baker and Jiten Behl.

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The company issued 153,000,000 shares at a price of $57.00-$62.00 per share. Discover which analysts rank highest on predicting the price target of RIVN. Discover which analysts rank highest for RIVN overall weighted by direction, price target, and price movement.

• The stock’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $12.45.
• Originally founded in 2009, Rivian spent nearly a decade operating in stealth mode.
• Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter.
• Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets.
• Rivian lost $994 million in the first six months of 2021 alone and has said in regulatory filings that it expects to spend another $8 billion by the end of 2023.

And by offering products and services that inspire people to explore and enjoy our world, we hope to also inspire them to want to protect it. Rivian has been disappointing due to slower-than-expected growth, despite some progress on its long-term margin plan. The company is expected to see limited growth in 2025 when compared to other EV na… As the electric vehicle landscape charges forward, Tesla Inc TSLA and Rivian Automotive Inc RIVN stand as two of the most-watched U.S. players in the industry.

This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter.

Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant

Stifel Nicolaus cut their target price on shares of Rivian Automotive from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on Rivian Automotive from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. UBS Group reduced their price objective on Rivian Automotive from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on Rivian Automotive from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rivian Automotive has an average rating of “Hold” and an average price target of $15.73.

The R1T comes with 8 different drive modes geared for offroading, city adventures, and everything in review keys to heaven’s economy between. Among the choices is the “Drift” mode which proactively distributes power to offset traction control and increase the “fun” factor. The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles. In regard to its capabilities, the truck can go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems. Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Please bear with us as we address this and restore your personalized lists. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes.