Rivian Automotive Inc (RIVN)

[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 https://x.com/RJScaringe/status/1805694762286301406

[TheFinalCD]

RIVN https://x.com/AlexJonesIA/status/1805695116109299950

[$Green$]

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

[pray]

If it does drop to that will add big time. I have a pretty big share count. Will add one to three hundred shares any day as yesterday when big drops, then sell at a dollar higher next day. This has been a great investment.

[Windbag1014]

https://ih.advfn.com/stock-market/NYSE/fisker-FSR/chart

Could be worse.

[trunkmonk]

Rivian, ouch again, im feeling fine

[Monksdream]

RIVN needs money, and lots of it, just to survive

[trunkmonk]

like every other sector i have watched for 25 years, its like dominos, until its not. the strong will survive, this time i pounce big time into the one that does.

[trunkmonk]

RIVN...come to papa

[Monksdream]

With Fisker declaring a bankruptcy the other money losing makers like LCID and PSNY and RIVN will have to do their best to spin positive vibes
It will be a tough sell

[trunkmonk]

cant deny that, i still say 5 in 2024 is on the agenda.

[pray]

That was in pr, old news. Did it to put money in new car design. When you go up 35% in three days, there are going to be pullbacks.

[trunkmonk]

That huge drop today must have been an ouch for sure.

[pray]

Bought 1000 at $10.25. I'm going to continue to add when I get cash. I'm really looking at low $20s before summer.

[HazardouZ]

So you never bought waiting for $5 huh? Ouch.

[trunkmonk]

Don’t know if this was posted.
https://www.zerohedge.com/technology/rivian-shelves-new-georgia-factory-latest-cost-cutting-measures

[eastunder]

Nikola was a different situation completely. You can't even compare the two.

[uksausage]

CEO better be careful about reservations - Steve Burns and Trevor Milton lost their jobs/sent to jail after similar claims.
Never understood why they offer the reservation system anyway its 2 years before they will be produced. A simple sign up for updates system would suffice with questions about how serious they are in buying or just getting the info.

[eastunder]

EV maker Rivian's new R2 is already getting thousands of reservations
Customers have to put down a deposit for the new midsize electric SUV
By Francisco Velasquez
https://qz.com/rivian-r2-reservations-ev-stock-1851320306


Rivian’s R2 model will include fast charging and self-driving capabilities.

Electric vehicles are still capturing the hearts, minds and wallets of at least some consumers. In less than 24 hours, Rivian’s new R2 model got more than 68,000 reservations, the company’s chief executive said.

“We are thrilled to see this vehicle resonate so strongly with our community!” Rivian CEO RJ Scaringe said Friday on X.

U.S. customers paid a $100 deposit fee, while Canadian residents paid $150 to reserve their car, according to the company’s website. Rivian promises a full refund for customers who change their mind.

During an event Thursday in California, the EV maker revealed the R2 model, a midsized electric SUV that seats five. The Rivian R2 is expected to start at about $45,000, the company said, with deliveries to begin in the first half of 2026.

Details of how many reservations Rivian’s R3 and R3X models have attracted haven’t been revealed. But according to the company, the cars will have “tighter dimensions” and will be priced lower than the R2.

Rivian plans to make the R2 model at its Illinois factory rather than the Georgia plant where it had planned to invest $5 billion.

Rivian stock, which rose Thursday following the release of the R2, was trading up about 2.5% Friday afternoon.

[eastunder]

Rivian Stock Handed Buy Rating As Startup Launches Three New Vehicles With EV Demand In Question
FacebookTwitterLinkedInShare Licensing
KIT NORTON01:42 PM ET 03/07/2024

https://www.investors.com/news/rivian-stock-handed-buy-rating-launches-new-r2-vehicle/?src=A00220


Rivian Automotive (RIVN) revealed not one but three new vehicles Thursday, as the EV startup looks to fill a gap in the market even as EV demand appears to be slowing. RIVN shares surged Thursday after the announcement. Earlier in the day, a firm initiated coverage of Rivian stock, handing shares a buy rating.

Rivian unveiled the R2 — its smaller, cheaper, next-generation vehicle and platform — Thursday. The new vehicle offering is priced at an estimated starting price of $45,000. Rivian says the vehicle will also qualify for the $7,500 Inflation Reduction Act (IRA) tax credit.

The R2 SUV will be produced at Rivian's new Georgia factory. Production of the R2 platform is expected to begin in 2026. Rivian announced Thursday the SUV can get more than 300 miles of range and that deliveries are expected to begin in the first half of 2026.

"I'm so excited about what it represents for us as a company in terms of achieving scale," Rivian Chief Executive RJ Scaringe said Thursday.

The Irvine, Calif.-based company also announced the R3, a more compact crossover style vehicle that uses the R2 platform, and the high-performance R3X offering.

"It takes the package of R2 and the platform, it shrinks it, it puts it into our take on what is a crossover," Scaringe said Thursday of the R3.

While reservations are underway for the R2 SUV, Rivian did not announce pricing or delivery estimates Thursday for the R3 or R3X. The company did say the R3 will be at a lower price point than the R2 and that deliveries for the R3X will begin after the R2.

RIVN shares jumped around 12% to 12.33 Thursday during market action. On Wednesday the stock edged up 0.9%. On Thursday, Jefferies Group initiated coverage of Rivian stock with a buy rating and 16 price target.

The firm wrote that Rivian appears closest to Tesla in "spirit," with its own software stack, strong brand identity, global potential and similar growth pains.

On the Feb. 21 Q4 earnings call, Scaringe said that that the "R2 represents the essence of our brand, while targeting the significant midsized SUV segment, a massive market with limited compelling EV options beyond Tesla (TSLA)."

Scaringe added there is a lack of choice of "highly compelling EV products" between $45,000-$55,000.

"We remain very bullish on the R2 segment and the R2 product itself," he added on Feb. 21. "We've engaged with our suppliers to ensure that we can ramp effectively as well as laying out the production road map."

Rivian Stock Falls On Q4 Earnings

Rivian stock has remained near lows after diving more than 25% on Feb. 22 following its fourth-quarter earnings and revenue report. The company at that time also announced layoffs and plans to keep production in 2024 flat compared to 2023.

Rivian reported on Feb. 21 a loss of $1.36 per share in Q4 with sales doubling to $1.31 billion. Wall Street expected a loss of $1.35 and revenue totaling $1.28 billion. Looking to 2024, Rivian said it expects production of 57,000 vehicles, flat with 2023. The EV startup also predicts consumer and commercial vehicle deliveries to grow by low single-digits in 2024.

The carmaker also forecast that vehicle deliveries in Q1 2024 will be about 10%-15% lower than in Q4 2023 and that it is laying off 10% of its salaried workers.

Chief Financial Officer Claire McDonough told investors on the Q4 earnings call that Rivian remains "confident that our cash, cash equivalents and short-term investments can fund our operations through 2025."

"We aim to maintain a strong balance sheet position by continuing to drive cost efficiencies and improve our vehicle unit economics, while opportunistically evaluating a variety of capital markets available to Rivian ranging across the capital structure," McDonough said.

However, the EV startup appears focused on the production of the R2 platform vehicles.

Rivian stock ranks ninth in IBD's Automakers industry group. RIVN has a 22 Composite Rating out of 99. Additionally, the stock has a 7 Relative Strength Rating and its EPS Rating is 41 out of 99.