Rivian Automotive Inc (RIVN)

[eastunder]

Rivian Releases Q2 Production Figures and Sets Date for Second Quarter 2024 Results
July 02, 2024 08:32 AM Eastern Daylight Time

https://www.businesswire.com/news/home/20240702827857/en/

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period.

Production and delivery results during the second quarter of 2024 were in line with Rivian’s expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles.

The company also announced that on August 6th, after market close, it will release its second quarter 2024 financial results.

Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be available at https://edge.media-server.com/mmc/p/xrd6jtg8 and a replay will be available for four weeks at www.rivian.com/investors following the webcast.

[trunkmonk]

i will look into their design, solid lithium polymer batts in the past have had memory issues that even software didnt seem to fix. It looks like these guys must have bought some or all patents and technologies from Berg. LP was the future back then, but it was before its time. Battery is everything, motors have been almost 100% efficient with electronic timing of the field peaks for years.

[Bountiful_Harvest]

Rivian / Volkswagen's $5 Billion Joint Venture speaks volumes on future expectations for this sector. Good point regarding vanadium...

"Batteries need to improve, I don’t know what happened to vanadium"

I think Saean Group may have the solutions:

https://www.otcmarkets.com/stock/SEAN/news/Saean-Group-Incs-Hybrid-Battery-research-team-is-in-operation?id=423787

"Hybrid all-solid-state battery" is a new concept battery that combines the advantages of existing lithium polymer batteries and super capacitors and is a new concept battery that is free from low temperatures, high temperatures, shocks, and explosions.

Although the price of lithium has decreased a lot recently, the price of vanadium per kilogram is remarkably low, so it can reduce mass-produce costs.

In particular, Saean is developing ways to increase the energy density (Wh/kg) by more than 250 by using vanadium and a very small amount of lithium."

Almost impossible to get their shares now as they have 99.999% of their shares locked up (restricted)....saving for NASDAQ?

RIVN$

[trunkmonk]

E vehicles are the way to go, regardless of global warming. U get break horsepower at 0 RPMs. Most efficient engine out there with lots of torque. I would luv to see a small hybrid diesel, maybe 25hp, that runs at idle speeds, barely sipping fuel, and charging batts as u go. Using plug in at the end of the trip or maybe once. Batteries need to improve, I don’t know what happened to vanadium, but that would give a 2 type battery vehicle energy and power options as needed. Been watching it for decades. I know exactly what it needs, and know the technology as well as anyone. Batt tech is almost there.

[clobal]

50% of electric car owners want to dump them. This is all part of the climate warming hoax.

[ollik78]

IN
Next 2 weeks $20+

[eastunder]

[eastunder]

Rivian investors to seek details on path to profits at investor day
https://finance.yahoo.com/news/rivian-investors-seek-details-path-102804260.html
Akash Sriram
Updated Thu, Jun 27, 2024, 7:11 AM MDT2 min read

By Akash Sriram

(Reuters) -Rivian shareholders will seek details on the company's upcoming models and progress in cutting costs at an investor day event on Thursday, two days after the US electric vehicle maker announced a $5 billion investment from Volkswagen.

The JV, which will give VW access to Rivian's electrical architecture and software, is a "vote of confidence" in the American automaker's prospects as it looks to produce and sell less expensive R2 and R3 crossovers to compete with Tesla's bestselling Model Y SUV.

Amazon.com-backed Rivian still lost about $39,000 per vehicle sold in the first quarter, but analysts expect the company to post its first quarterly gross profit in the fourth quarter.

Rivian halted production for three weeks in April to implement cost-saving measures. Reuters reported last week the company has retooled its manufacturing process, resulting in a 35% reduction in the cost of materials for vans and savings of "similar magnitude" for its other lines.

"Rivian will be sharing more about the R2 and R3 models, as well as details on the deal with Volkswagen," said Michael Shlisky, analyst at D.A. Davidson. "I am sure financial details will be discussed, but they may wait until next week to share Q2 sales figures and guidance updates."

Demand for electric vehicles has faltered amid high borrowing costs, and as buyers turn to cheaper gasoline-electric hybrid vehicles.

Rivian expects to produce between 9,100 and 9,300 units in the second quarter and hand over between 13,000 and 13,300 vehicles to customers in the April-June period, it said in a presentation for the investor day.

Wall Street had expected quarterly deliveries of 10,282 units and production of 9,369 vehicles, when the company reports quarterly figures on July 2, according to analysts polled by Visible Alpha.

Shares dropped about 2% in premarket trading on Thursday.

Even Tesla is struggling and is expected to report its first drop in annual sales this year. It has slashed prices and is offering incentives to sell more vehicles.

Among EV startups, Rivian is best placed to survive weak demand, thanks to the investment from VW. Some of its peers such as Fisker have filed for bankruptcy.

Rivian had nearly $6 billion of cash and cash equivalents at the end of the March quarter.

To save cash, Rivian plans to make the new models at its existing Illinois facility and paused investments in a previously announced plant in Georgia.

Rivian's stock has lost more than a third of its value this year, even after its best-ever one-day gain of 23% on Wednesday, partly due to the company sticking to its production forecast of 57,000 for the year - roughly the same as 2023.

[harry crumb]

When institutional buying begins watch out above $$$$$$

[harry crumb]

People, these shorts are going to fry, this company is developing state of the art technology, why do you think volkswagon is investing in them, germany already delivered audis to test, this is going to pop huge, look at the valuation, its a no brainer longvterm hold imo, we are adding to the stash my friends $$$$$$$

[TheFinalCD]

i knew I should have chased last night, when I hit the buy button, it felt wrong lol


but was hoping for a gap up to around $20 and maybe a squeeze towards the 23 gap up area

3300 shares close to 18🙄


bad move 🤢!!!!!!!!!!!!!!!

[harry crumb]

Might see 20 area in 2 weeks once institutional buying begins but that won’t happen til the day trader volume dwindles down

[Monksdream]

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

[NYCPuglet]

Good call.

[Invest-in-America]

RIVN: Hey, THANKS for your analysis, Bro!!! Very PRAGMATIC perspective!!

[trunkmonk]

$1B is a lot of bread. I ain’t gonna see my entry point. Good luck all. Good story unfolding for u.

[pray]

Open in low $20, drop to $17 then off to $22-24 range. Once news hits $30 by weekend. Shorts pushing down for weeks. Could jump 20-40% daily with short squeeze for next week.

[Invest-in-America]

RIVN: Yep!!! Much caution should be exercised here. Nevertheless, I can't see how circa $10K (US) bucks tossed at RIVN right now would NOT turn into an easy $20K (US) bucks for many folks tomorrow.

[harry crumb]

Wow what a pop $$$$$$$

[GeorgeTheStub]

I am a little reluctant to jump up and down, Volkswagon is apparently pumping a billion into a third entity...so how is Rivian stock going to hold its gain when the funding is going to a newly created entity, not Rivian?

[Invest-in-America]

RIVN: I did indeed see that, but THANKS for posting it here for 'newbies' about what is transpiring behind this stuff. Do YOU have a GUESS as to what price RIVN might hit tomorrow??????????

[tw0122]

$19- $19.90 resistance breaks again solid then $23s - $24 likely

[tw0122]

Rivian and Volkswagen Group Announce Plans for Joint Venture to Create Industry-Leading Vehicle Software Technology and for Strategic Investment by Volkswagen

PUBLISHED
JUN 25, 2024 4:19PM EDT
Rivian and Volkswagen Group intend to enter a joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles
Volkswagen Group to invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion
Joint venture is expected to build on Rivian’s industry-leading software and electrical architecture to create best-in-class software-defined vehicle technology platform
IRVINE, Calif. & WOLFSBURG, Germany--(BUSINESS WIRE)-- Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) have today announced their intention to form an equally controlled and owned joint venture (JV) to create next-generation electrical architecture and best-in-class software technology.

[Invest-in-America]

RIVN: The stock PRICE here should be much HIGHER already. I think what is holding it BACK somewhat is that its price is now nearly 2-TIMES the price of VW's stock!! (HAH-HAH!!!) Nevertheless, RIVN should hit at least $50+ tomorrow??? Who knows???

[Surfacetite]

Guess they didn't like Fisker.

Henrik is a two time loser.

[TheFinalCD]

4:09pm

This is exciting! Volkswagen Group CEO Oliver Blume and I are thrilled to announce the formation of a joint venture between our two companies. This partnership brings Rivian’s software and zonal electronics platform to a broader market through Volkswagen Group’s global reach and… pic.twitter.com/11XVNUo89J

— RJ Scaringe (@RJScaringe) June 25, 2024

[TheFinalCD]

RIVN

Some degen shit $RIVN pic.twitter.com/mC8czT3Eo0

— Alex Jones Industrial Average (@AlexJonesIA) June 25, 2024

[$Green$]

Wow!!!!

[Scott 75]

Omg! Sorry

[oldstocks]

After ditching its electric vehicle plans, Apple Inc. (NASDAQ:AAPL) could rekindle interest in the segment if rumors are anything to go by. A report said late Monday that Cupertino was in talks to forge a partnership with Rivian Automotive, Inc (NASDAQ:RIVN).

Disclosure i still own RIVN from $140

[pray]

Added 250 at $9.35 this morning. Sell at 10.50 as I did Tuesday. Really think this will see profit in 4th quarter as predicted. Keeping 3000 shares for that reason.

[Lokotony]

Don't think I'll be seeing my money back for quite some time on this one!

[trunkmonk]

this is coming to a stock you love, History will repeat itself, it must, its unsustainable even worse than 1999, by far.
showing AAPL stock values pre split. About 140 to 12pps in short order. the whole market did this same pattern to some extent.

Its up to you to pick your Tesla or Rivian at the right time. No rush, its all gonna implode soon.

[Monksdream]

I went back to the by Joe at Nanalyze
According to Joe Rivian has about 7 quarters to go until it runs out of cash
Producing vehicles at scale is more of a challenge than one realizes
Joe says if you are looking for the next Tesla just invest in Tesla

[trunkmonk]

i would rather see Apple stay away, they most likely want the technology by funding them, taking part ownership and its tech, or buy the company on the cheap. i want to see the stock drop for my reasons in the coming recession where EVs will be like Battery companies and other tech startups during Obama givaway, the chaff disappeared, the good ones survived, but the stocks were also dirt cheap. this cycle is coming again.

[Lokotony]

IF by some crazy chance, they beat earnings estimates, we could run!

[Lokotony]

I hope so, bc I have a $23 avg. Not going to avg down on this one......that seemed SO promising! EVs and all things EV went to poop and fell out of favor. I GUESS we can expect the same with AI. I truly did my DD and truly thought this was a great company, second to TESLA.

[pray]

Back to $20.00?

[JoseSD]

partnership with Apple? Hmmmmmmmmmmmmmmmm

https://www.investors.com/news/apple-rivian-in-talks-for-partnership/?src=A00220

[Lokotony]

Feels like everything wants to go back to 2021.

[Monksdream]

My best guess is professional asset managers are getting out

[INEEDMONEY]

Why the dump?

[Monksdream]

RIVN newv52 lo

[Monksdream]

RIVN new 52 lo

[trunkmonk]

RIVN 9.61

[Monksdream]

RIVN new 52 lo

[Monksdream]

RIVN new 52 lo

[CaptPete1776]

Quarterly Delivery Numbers come out tomorrow. Anything over 13k will be ideal.

[Lokotony]

Penny stocks are the only thing I have that are redder!

[harry crumb]

Down graded