The good news is that Rivian still has $7.86 billion in cash and equivalents on its balance sheet, so it probably won’t run out of cash until the second half of 2025 at the earliest.2 days ago Is Rivian running out of money? The good news is that Rivian still has $7.86 billion in cash … Read more
Saudi Arabia’s sovereign fund has a 60% stake in Lucid Motors, an EV startup. Months after the company went public, the stake was valued at more than $55B, per Bloomberg. That value dropped about 90% to $5.4 billion as Lucid reports millions in net loss. Is Lucid owned by Saudi Arabia? Saudi Arabia’s sovereign fund … Read more
Rivian currently produces its R1T pickup truck and R1S SUV at a factory in Normal, Illinois. The vehicles currently cost more than $70,000 apiece. It plans a $5 billion manufacturing complex for a site east of Atlanta, where it’s supposed to produce R2 vehicles with lower price tags aimed at a mass market. Is Rivian … Read more
Rivian is finally putting the long-delayed Max battery pack into production for the Dual-Motor versions of the R1T and R1S EVs. The R1T with the Max pack can go 410 miles on a charge while the R1S with the Max battery is rated at 400 miles, and the Max pack adds $16,000 to the vehicles’ … Read more
Weaknesses: Limited operating history with significant losses and reliance on a single customer for a substantial portion of revenue. Opportunities: Growing demand for electric vehicles and potential for international expansion. Threats: Intense competition in the EV market and supply chain vulnerabilities. What are the weaknesses of Rivian? Weaknesses: Limited operating history with significant losses and … Read more
Based on 21 Wall Street analysts offering 12 month price targets for Rivian Automotive in the last 3 months. The average price target is $17.70 with a high forecast of $36.00 and a low forecast of $8.00. The average price target represents a 55.95% change from the last price of $11.35. Why is Rivian stock … Read more
Ford announced the company would retain a 12 percent stake in Rivian, which reached a value of more than $10 billion after the IPO. Ford sold around 90 percent of its stake in Rivian for $3 billion by the end of 2022, an increase from its $1.2 billion investment. Why did Ford sell Rivian? The … Read more
Answering the question, “Who makes Rivian?” is simple: Rivian. Founded by RJ Scaringe in 2009 as Mainstream Motors, the company changed its name in 2011 to Rivian Automotive Inc. With its headquarters in Irvine, California, and an assembly plant in Normal, Illinois, the company went public in 2021. Is Rivian a chinese company? Rivian is … Read more
Ford trims Rivian stake to a mere 1.15% ownership As we moved through the development cycle, we determined that it would be better to pivot from the Rivian skateboard platform and focus our development efforts. Why did Ford leave Rivian? Ford trims Rivian stake to a mere 1.15% ownership As we moved through the development … Read more
Rivian stock sank more than 25% on Feb. 22 after reporting fourth-quarter earnings and revenue, along with announcing 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. Why is Rivian stock so bad? … Read more