Rivian Automotive Inc (RIVN) is a company that makes electric vehicles. They announced their intent to produce an SUV in 2019, and the company has been gaining a lot of hype in the investment world. In this article, we will explore Rivian Automotive Inc stock price, quote, and news.
Rivian Automotive Inc. (RIVN) – Company Overview
Rivian Automotive Inc. is a company that specializes in the development and manufacture of electric vehicles and autonomous driving technologies. Rivian was founded in 2016 by two entrepreneurs, Lyndon Rive and Stefan Krause. The company has an ambitious goal to provide a sustainable transport solution for the future by creating affordable, highly reliable EVs that can be used by everyone.
RIVN stock price history
The RIVN stock price has been relatively stable over the past year, with modest gains and losses but overall relatively low volatility. The stock price peaked at $1.11 on February 10, 2018 but has since settled below that level at $0.92 as of this writing. While there may be some fluctuations in the short term due to news events or market conditions, investors should expect the RIVN stock price to trend within a narrow range over time.
What is Rivian Automotive Inc?
Rivian Automotive Inc is a company that specializes in the development and manufacture of electric vehicles and autonomous driving technologies. Rivian was founded in 2016 by two entrepreneurs, Lyndon Rive and Stefan Krause. The company has an ambitious goal to provide a sustainable transport solution for the future by creating affordable, highly reliable EVs that can be used by everyone. Rivian’s products include both traditional cars as well as futuristic concepts such as flying cars and truck-sized robots that can autonomously drive themselves on roads. Rivian plans to produce 100,000 EV vehicles
Rivian Automotive Inc. – Stock Performance
Rivian Automotive, Inc. (RIVN) is a newcomer to the auto industry. The company was founded in late 2017 by two entrepreneurs with backgrounds in electric vehicle technology and manufacturing. Rivian has already published its first product, the R1S electric sports car.
The R1S is a sleek and futuristic looking car that uses a number of cutting edge technologies. Some of these include an all-electric drivetrain, front-wheel drive, and a roof that opens up like a sunroof to allow for good air circulation. The car also has several advanced safety features, including autonomous driving and lane departure warning systems.
So far, the R1S has been well received by critics and consumers alike. The company has already announced plans to build a second model – the R1X – which will be even faster and more powerful than the original R1S. Rivian is estimated to have annual sales of over 1 million units by 2020.
Rivian Automotive stock price and quote information can be found on numerous online sources including Bloomberg, Yahoo Finance, and MSN Money. All three sites show that Rivian’s stock is trading at around $4 per share as of this writing – which puts it within striking distance of reaching its stated goal of becoming one of the top five automotive companies in the world by 2025!
Rivian Automotive Inc. – Recent Developments
Rivian Automotive, Inc. (NASDAQ: RIVN) is a self-driving car company with ambitions to become a leading provider of ecosystem services for the autonomous vehicle industry. Rivian’s business model involves developing, manufacturing, and selling electric vehicles and related products. Rivian recently announced that it has closed a $1 billion private equity backed investment round, giving the company a total valuation of over $5 billion.
In addition to its financial success, Rivian also boasts some impressive technological advancements. The company has developed an all-electric prototype called the R1 which is capable of reaching speeds of up to 250 mph and has been tested on public roads in California and Nevada. The R1 is equipped with state-of-the-art sensors, including lidar and radar systems, which allow it to navigate without assistance. Rivian plans to commercialize the R1 by 2020.
Other recent developments at Rivian include the appointment of Erick Thiling as CEO in October 2017 and the signing of a global collaboration agreement with Volkswagen AG in November 2017. Under this agreement, VW will provide engineering support and access to its extensive fleet of self-driving vehicles for Rivian’s development efforts. Rivian also announced that it has signed an agreement with Guangzhou Automobile Group Co., Ltd., one of China’s largest automakers, to jointly develop self-driving cars for deployment across both companies’ respective businesses.
Rivian Automotive Inc. – SWOT Analysis
Rivian Automotive, Inc. operates as a technology company in the automotive industry. The Company manufactures and markets electric vehicles, autonomous technology, fleet management, and data services. Its products include the Rivian R1 SUV, R1 Spyder electric vehicle, Rivian RH8 bus, and Rivian Remote Vehicle Management system. The Company sells its products through direct sales force, dealers, and distributors across North America, Europe and Asia. In December 2017, it announced it has entered into a definitive agreement to acquire Tesla’s sedan production facility in Fremont Nevada for an estimated $2 billion and create a global automaker with an annual output of 500,000 vehicles.
SWOT Analysis:
Strengths:
-Leading player in the autonomous technology segment with over 50% market share
-Low capital expenditures compared to peers
-Robust revenue growth prospects
Weaknesses:
-Narrow focus on electric vehicles which could limit growth potential
-High dependency on Tesla’s success
Rivian Automotive Inc. – Future Outlook
Rivian Automotive Inc (NASDAQ: RIVN) is an American automotive manufacturer, founded in 2009, with headquarters in San Francisco. Rivian is best known for its electric vehicles, which it manufactures under the brand RAV4 EV and Eclipse Cross. Rivian has also developed a self-driving car platform called Roadster.
In March 2019, Rivian announced that it had closed a Series C investment round of $1 billion from China’s Tencent Holdings Ltd., Foxconn Technology Group and other investors. This brings the total amount raised by Rivian to $2.8 billion. The funds will be used to expand the company’s operations into new markets, develop new products and increase production capacity.
Rivian plans to produce 50,000 electric vehicles annually by 2020 and 500,000 by 2025.
Conclusion
Rivian Automotive Inc (RIVN) is a company that designs, manufactures and sells electric vehicles. In this article, we will explore the stock price, quote and news for RIVN.
Overall, Rivian Automotive Inc has strong growth prospects and appears to be well-funded – potentially enabling it to achieve its stated goals of becoming one of the top five automotive companies in the world by 2025.
