Rivian Automotive Inc (NASDAQ: RIVN) |
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Price: $12.4800
$-0.32
-2.500%
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Day's High:
| $12.8609
| Week Perf:
| 0.73 %
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Day's Low: |
$ 12.41 |
30 Day Perf: |
-16.52 % |
Volume (M): |
16,702 |
52 Wk High: |
$ 18.86 |
Volume (M$): |
$ 208,437 |
52 Wk Avg: |
$12.28 |
Open: |
$12.82 |
52 Wk Low: |
$8.26 |
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Market Capitalization (Millions $) |
12,655 |
Shares
Outstanding (Millions) |
1,014 |
Employees |
14,000 |
Revenues (TTM) (Millions $) |
4,551 |
Net Income (TTM) (Millions $) |
-5,524 |
Cash Flow (TTM) (Millions $) |
-2,545 |
Capital Exp. (TTM) (Millions $) |
1,112 |
Rivian Automotive Inc
Rivian Automotive Inc. is a U.S based automotive company that specializes in manufacturing and developing electric vehicles (EVs). Founded in 2009 by RJ Scaringe, the company is headquartered in Irvine, California, and has several manufacturing facilities in Normal, Illinois, and Irvine, California.
Rivian has gained prominence for developing innovative and advanced EVs that have unique features and capabilities that set them apart from other EVs. The company's mission is to make mobility sustainable and accessible to everyone by producing EVs that are efficient, high-performing, and fun to drive.
Rivian has a workforce of over 3,500 employees, with engineers, technicians, designers, and other professionals working together to bring its vision to life. The company has attracted investors, including Amazon, Ford Motors, and Cox Automotive, who have injected billions of dollars into the company to help bring its products to market.
The company has two vehicle models, the R1T electric pickup truck, and the R1S electric SUV, both of which offer impressive performance, range, and capabilities. The R1T has a towing capacity of up to 11,000 lbs and can travel up to 400 miles on a single charge, while the R1S has a range of up to 410 miles and can achieve a top speed of 125 mph.
One of the most notable features of Rivian's EVs is its customizable battery packs which allow for a range of up to 750 kWh. Additionally, the company's vehicles come equipped with a unique "Tank Turn" feature, which enables them to make a full 360-degree turn on the spot.
In addition to its EVs, Rivian is also developing a charging network called the Rivian Adventure Network. The network uses renewable energy sources, including solar and wind power, to charge Rivian vehicles, and will be available to all EVs, making long-distance travel more accessible to all EV owners.
Rivian's commitment to sustainability is evident in its manufacturing processes, which prioritize the use of sustainable materials and renewable energy sources. The company's manufacturing facilities use geothermal heat exchange systems and have achieved platinum-level certification from the U.S Green Building Council's Leadership in Energy and Environmental Design (LEED) program.
In conclusion, Rivian Automotive Inc. is a cutting-edge EV manufacturer that has made significant strides in the automotive industry. With its innovative vehicle designs, advanced EV technology, sustainable manufacturing processes, and charging network, Rivian is poised to transform the future of mobility.
Company Address: 14600 Myford Road Irvine 92606 CA
Company Phone Number: 748-4261 Stock Exchange / Ticker: NASDAQ RIVN
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Stock Performances by Major Competitors |
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Business Update
Published Tue, Nov 26 2024 6:37 AM UTC
In a significant development for the electric vehicle (EV) sector, Rivian Automotive (NASDAQ: RIVN) has received a conditional commitment for a loan of up to $6.6 billion from the U.S. Department of Energy s Advanced Technology Vehicle Manufacturing (ATVM) Program. This funding, which includes approximately $600 million in capitalized interest and $6 billion in principal, is...
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Business Update
Published Wed, Nov 13 2024 4:38 AM UTC
Rivian and Volkswagen Group Announce Groundbreaking Joint Venture Set to Revolutionize EV Software Technology In a significant move for the electric vehicle (EV) sector, Rivian Automotive (NASDAQ: RIVN) and the Volkswagen Group (XETRA: VOW/VOW3) have announced their partnership to create a joint venture Rivian and Volkswagen Group Technologies, LLC. This ambitious initiative...
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Business Update
Published Fri, Oct 4 2024 12:56 PM UTC
In a recent announcement, Rivian Automotive, Inc. (NASDAQ: RIVN) reported its production and delivery figures for the third quarter of 2024, revealing both achievements and ongoing challenges. The electric vehicle (EV) manufacturer produced 13,157 vehicles at its facility in Normal, Illinois, while delivering 10,018 during the same period. Although these figures mark a signi...
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Announcement
Published Sun, Jul 14 2024 1:00 AM UTC
In recent developments, Bragar Eagel & Squire, P.C., a highly esteemed shareholder rights law firm, has initiated class action lawsuits on behalf of stockholders of well-known companies - NIKE, Inc. (NYSE: NKE), Roblox Corporation (NYSE: RBLX), FutureFuel Corp. (NYSE: FF), and Rivian Automotive, Inc. (NASDAQ: RIVN). As a result, investors are urged to reach out to the firm b...
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Business Update
Published Wed, Jun 26 2024 12:47 AM UTC
In a strategic move poised to shape the future of the automotive industry, Rivian Automotive and Volkswagen Group have announced plans for a landmark joint venture. This partnership aims to accelerate the development of next-generation electrical architecture and cutting-edge software technology, effectively merging the forward-thinking ethos of Rivian with Volkswagen s time...
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Per Share |
Current |
Earnings (TTM) |
-5.54 $ |
Revenues (TTM) |
4.49 $
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Cash Flow (TTM) |
- |
Cash |
6.65 $
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Book Value |
5.82 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-5.54 $
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Revenues (TTM) |
4.49 $ |
Cash Flow (TTM) |
- |
Cash |
6.65 $
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Book Value |
5.82 $ |
Dividend (TTM) |
0 $ |
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On November 8 2024 the Rivian Automotive Inc provided following guidance
nnRivian Automotive, Inc. Announces Third Quarter 2024 Financial Resultsnn
IRVINE, Calif. ? Rivian Automotive, Inc. (NASDAQ: RIVN) today published its financial results for the third quarter of 2024, highlighting significant progress in its production and delivery metrics. During this period, the company successfully manufactured 13,157 vehicles at its facility located in Normal, Illinois, and delivered 10,018 vehicles to customers.
Looking ahead, Rivian is optimistic about achieving a positive gross profit in the fourth quarter of 2024. This ambitious target is expected to be driven by a combination of factors, including enhancements in revenue generated per unit sold, reductions in variab...
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