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Rivian Automotive, Inc. - RIVN STOCK NEWS

Welcome to our dedicated page for Rivian Automotive news (Ticker: RIVN), a resource for investors and traders seeking the latest updates and insights on Rivian Automotive stock.

Rivian Automotive, Inc. (symbol: RIVN) is at the forefront of the electric vehicle (EV) revolution, designing, developing, and manufacturing innovative electric vehicles and accessories. The company's mission is to inspire people to explore the world, whether it’s a family camping trip or a weekend getaway. Rivian is dedicated to providing the ultimate platform for life’s adventures.

The company has established three state-of-the-art development centers located in Plymouth, MI, San Jose, CA, and Irvine, CA. Complementing these development hubs is a modern, fully operational 2.6 million square foot manufacturing plant situated in Normal, IL. This extensive infrastructure supports Rivian's vision and underscores its commitment to pioneering the future of mobility.

Rivian's flagship offerings in the consumer market include the R1 platform, which features the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV). Both models are designed to meet the needs of adventurous consumers seeking reliable and eco-friendly transportation solutions.

The company boasts a diverse and passionate team with backgrounds in various industries including automotive, technology, industrial equipment, consumer electronics, and aerospace. This eclectic mix of expertise fuels Rivian's innovative spirit and drive to turn ambitious ideas into reality.

Rivian is also actively expanding its workforce, seeking curious and determined individuals who share a passion for creating the world of tomorrow. The company's culture emphasizes collaboration, creativity, and a relentless pursuit of excellence.

For investors and stakeholders, Rivian represents a bold venture into the future of transportation, backed by significant achievements and ongoing projects. The company's financial health is bolstered by strategic partnerships and a clear vision for sustainable growth.

Stay tuned to the latest Rivian News to keep up with developments and updates as the company continues to shape the landscape of electric vehicles.

Rhea-AI Summary
Rivian Automotive, Inc. (NASDAQ: RIVN) reported production and delivery figures for Q1 2024, with 13,980 vehicles produced and 13,588 vehicles delivered. The company met its expectations and reaffirmed guidance for 57,000 total vehicles production in 2024. Rivian will release its Q1 2024 financial results on May 7th and host a webcast to discuss business performance.
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Rivian introduces its new midsize platform family with R2 and R3 SUVs, offering performance, capability, and utility at an accessible price point. The vehicles feature innovative design, battery technology, and autonomous capabilities, with R2 starting at around $45,000. Rivian plans to launch R2 production in Normal, Illinois, improving capital efficiency and expanding total capacity.
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Rivian Automotive, Inc. (RIVN) exceeded all aspects of its 2023 guidance, showcasing significant growth in production and deliveries. The company achieved a 147% increase in deliveries in Q4 2023 compared to the previous year. Despite economic challenges, Rivian improved operating efficiency and gross profit per delivered vehicle. Looking ahead to 2024, Rivian plans to produce 57,000 vehicles, with a focus on cost efficiency and capital expenditures of $1,750 million.
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Rivian Automotive, Inc. (RIVN) exceeded all aspects of its 2023 guidance, showcasing a 147 percent increase in deliveries compared to the previous year. The company achieved significant production and delivery milestones, doubling its numbers from 2022. Rivian also reported a gross profit per delivered vehicle improvement of approximately $81,000 in 2023. However, economic uncertainties and high interest rates are influencing the company's 2024 expectations, with plans to produce 57,000 vehicles and reduce its salaried workforce by 10%.
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Rivian Automotive, Inc. (NASDAQ: RIVN) exceeded its full-year 2023 production guidance, producing 57,232 vehicles and delivering 50,122. The company also announced the release of its fourth-quarter 2023 financial results, with an audio webcast to discuss the performance and outlook for the business.
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Rivian Automotive, Inc. (NASDAQ: RIVN) and AT&T have signed an agreement for AT&T to purchase Rivian electric vehicles (EVs) for its fleet through a pilot program aimed at cutting transport emissions. AT&T expects to begin adding the Rivian Commercial Van and R1 vehicles to its fleet in early 2024 to evaluate the ways these vehicles help improve safety, reduce costs, and cut its carbon footprint. AT&T's commercial fleet plays an important role in keeping customers connected, and piloting EVs from Rivian will allow AT&T to explore new paths in its electrification journey, contributing to the company's commitment of carbon neutrality by 2035. Rivian is also the exclusive provider of connectivity to all Rivian vehicles, in the U.S. and Canada, enabling a smarter, safer, and more connected driving experience.
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Rivian Automotive, Inc. (RIVN) CFO to Participate in Fireside Chat at Barclays Global Automotive and Mobility Tech Conference
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Rivian Automotive, Inc. (NASDAQ: RIVN) appoints Carlo Materazzo as Vice President, Logistics, leveraging his twenty years of automotive industry experience to enhance manufacturing excellence. Materazzo previously held executive roles at Stellantis North America and Fiat Chrysler Automobiles, bringing a wealth of expertise to Rivian.
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RIVN: Rivian Automotive Announces Sale of Custom-Designed Commercial Van, Enabling Companies Worldwide to Electrify Delivery Fleets and Reduce CO2 Emissions
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Rivian Automotive, Inc. (RIVN) Publishes Q3 2023 Financial Results, Sets Webcast for Business Update
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FAQ

What is the current stock price of Rivian Automotive (RIVN)?

The current stock price of Rivian Automotive (RIVN) is $13.75 as of December 23, 2024.

What is the market cap of Rivian Automotive (RIVN)?

The market cap of Rivian Automotive (RIVN) is approximately 14.1B.

What does Rivian Automotive, Inc. do?

Rivian designs, develops, and manufactures electric vehicles and accessories, focusing on adventure-ready vehicles like the R1T pickup truck and R1S SUV.

Where are Rivian's development centers located?

Rivian has development centers in Plymouth, MI, San Jose, CA, and Irvine, CA.

Where is Rivian's manufacturing plant?

Rivian's manufacturing plant is located in Normal, IL.

What are Rivian's first generation consumer vehicles?

Rivian's first generation consumer vehicles include the R1T, a two-row pickup truck, and the R1S, a three-row SUV.

What is Rivian's mission?

Rivian aims to inspire people to explore the world by providing the ultimate platform for life’s adventures through their innovative vehicles.

Who makes up Rivian's team?

Rivian's team consists of professionals from diverse fields such as automotive, technology, industrial equipment, consumer electronics, and aerospace.

Is Rivian hiring?

Yes, Rivian is actively hiring curious and determined individuals who are passionate about creating the world of tomorrow.

What distinguishes Rivian's vehicles?

Rivian's vehicles are distinguished by their innovative electric designs, adventure-ready features, and eco-friendly technologies.

How large is Rivian's manufacturing plant?

Rivian's manufacturing plant covers an area of 2.6 million square feet.

How can I stay updated on Rivian's latest news?

You can stay updated on Rivian's latest news by following their announcements and updates on news platforms and their official website.

Rivian Automotive, Inc.

Nasdaq:RIVN

RIVN Rankings

RIVN Stock Data

14.09B
742.54M
26.61%
45.82%
14.7%
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