In terms of earnings estimate revisions for Rivian Automotive, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.78. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. everything you need to know about taxes on stocks Rivian’s total book value, the difference between its assets and liabilities, was $5.5 billion as of June 30, 2021.

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Rivian faces a wide range of competitors both in the broader automobile industry and in the small, but fast growing EV segment. The company expects competition in the EV market to intensify due to a greater regulatory push for alternative fuel vehicles and other factors. Rivian’s competitors include, as mentioned, Tesla and Ford, and also other traditional automakers making a big push into the EV market, such as German-based Volkswagen AG (VOW3) and General Motors Co. (GM). Rivian also faces competition from China-based EV makers like NIO Inc. (NIO) and BYD Auto, a subsidiary of BYD Co. Ford unveiled its new electric F-150 Lightning pickup outside its headquarters in Dearborn, Mich., on May 19. Ford, like other legacy automakers, plans to sell electric versions of many of its popular models.

You can obtain Rivian’s investor relations material in the Investors section of our website. You can view our executive officers by visiting the Governance section of our Investor Relations website or visit the Our Company page to learn about our entire leadership team. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Insiders that own company stock include Motor Co Ford, Robert J Scaringe, Kjell Gruner, Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl and Rose M Marcario. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. Rivian has tens of thousands of preorders but expects to deliver only 1,000 vehicles by the end of 2021. The company’s factory in Normal, Ill., can hypothetically produce hundreds of thousands of vehicles, but Brinley says to be truly sustainable, Rivian will need to expand to more plants.

The company said that these software development outsourcing deliveries generated estimated revenue of between $0 and $1 million for the three-month period ended Sept. 30, 2021. The company has been able to finance its operations primarily through the sale of securities and from borrowing. Shares of EV-maker Tesla, the most valuable automobile company in the world, fell nearly 3% during the same period, between the debut of Rivian’s shares and close of trading on Friday. While both companies operate within the market for EVs, Rivian’s niche is all-terrain vehicles whereas Tesla’s specialty is sedans and SUVs. Ford, which has been focusing on expanding sales of EVs and has a nearly 12% stake in Rivian, saw its shares fall about 1% over the roughly three days of trading. Established automakers are launching electric versions of their pickup trucks, including Ford, the maker of the bestselling pickup in America.

1. Its listing brought in nearly $12 billion for Rivian, a cash infusion the company will use to tackle that challenging problem of scaling up.
2. Ford, which has been focusing on expanding sales of EVs and has a nearly 12% stake in Rivian, saw its shares fall about 1% over the roughly three days of trading.
3. Established automakers are launching electric versions of their pickup trucks, including Ford, the maker of the bestselling pickup in America.
4. A Lucid Air Grand Touring electric luxury car is displayed at Lucid Motors’ studio and service center in Beverly Hills, Calif., on Feb. 25.
5. The company indicated that its operating expenses have increased over the last eight quarters as the development of its R1T, R1S, and EDV vehicle programs continues to advance.
6. Shares of EV-maker Tesla, the most valuable automobile company in the world, fell nearly 3% during the same period, between the debut of Rivian’s shares and close of trading on Friday.

Rivian Automotive (RIVN) Stock Price

A Lucid Air Grand Touring electric luxury car is displayed at Lucid Motors’ studio and service center in Beverly Hills, Calif., on Feb. 25. The retail giant has committed to buying 100,000 delivery vehicles from Rivian — a big deal for the fledgling automaker. It’s a lot for a company that has built only a couple of hundred vehicles and hasn’t turned a profit yet. But Rivian is hoping to echo Tesla’s vertiginous rise from automotive startup to mass-market manufacturer. At Rivian, we’re committed to showing that a successful business can also be good for the planet. That by exploring more responsibly today, we can preserve the environment for the generations that come after us.

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Either way, the splashy debut is sure to draw a lot of attention to the startup and its electric vehicles. It has also provided Rivian with a crucial windfall, as it needs a lot of money to grow — and survive — in the notoriously cash-hungry automotive business. 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. The interior of Rivian’s all-electric pickup truck R1T as it sits at one of the automaker’s facilities in Brooklyn, N.Y., on Nov. 9.

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. Visit Performance Disclosure for information about the performance numbers displayed above. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Its listing brought in nearly $12 billion for Rivian, a cash infusion the company will use to tackle that challenging problem of scaling up.

Total cash and cash equivalents on the company’s balance sheet at the end of the June were $3.7 billion. Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

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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. The Rivian R1S began production in 2022 and began deliveries later that year.

Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement. Tesla is currently the world’s most valuable automaker, despite producing fewer vehicles than its rivals. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate mt4 white label and mt5 white label declaring or paying any dividends in the foreseeable future. Top institutional shareholders of Rivian Automotive include Baillie Gifford & Co. (3.32%), Wolverine Asset Management LLC, Susquehanna International Group LLP and Renaissance Technologies LLC (0.55%).

Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history. Rivian shares started trading on the Nasdaq stock exchange Wednesday at around $78 per share. That gave Rivian an overall valuation of nearly $80 billion and helped it net $12 billion in fresh cash, despite the fact that it only just recently started to make and ship its first electric pickup trucks.