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Rivian stockInvestor's Business Daily
•78% Informative
Rivian Automotive CEO sells 71,429 RIVN shares for a market value of $ 820,883.50 .
Morgan Stanley's high-profile autos analyst says Rivian is "uniquely positioned within autos (other than Tesla ) on scaling a fully integrated software stack critical to unlocking the AI opportunity" The EV startup announced it has revamped its pickup truck and SUV models.
Rivian announced vehicle deliveries in Q1 totaled 13,588 while it produced 13,980 .
For 2024 , Rivian reaffirmed previous guidance of producing 57,000 vehicles.
Rivian has also received $827 million from the state of Illinois to expand its Normal , Illinois plant.
AT&T expected to begin adding the Rivian Commercial Van and R1 vehicles to its fleet in early 2024 .
Amazon currently has around 1,000 Rivian commercial vans delivering packages in major cities in the U.S. It has ordered 100,000 of Rivian 's electric vans.
Tesla delivered its first 12 Cybertrucks on Nov. 30 ; the long-awaited arrival of the new Tesla vehicle sent Rivian shares 7.6% higher.
VR Score
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