Is Rivian in trouble?

We wouldn't be too concerned about the 2022 Rivian R1T recall. It seems like an easy issue to fix. However, Rivian lost $1.5 billion last quarter and spent over $500 million to deliver only $95 million worth of vehicles. This could be due to logistical issues.

Will Rivian be successful?

In the long run, Rivian aims to capture more than 10% of the global EV market share. If Rivian grows as expected, it could be a big and profitable EV maker 10 years from now. It has entered early into the electric pickup truck segment and may succeed in capturing a chunk of this market if it ramps up quickly.

Is Rivian a failure?

Given all of the headwinds discussed, does that mean that Rivian is doomed to fail? Probably not. But, Rivian is one of thousands of unprofitable growth companies that have seen their valuations re-rated in the last few months, many of which have seen haircuts of 80% or higher.

Is Rivian affected by chip shortage?

Rivian is no stranger to vehicle production problems

Scaringe revealed that Rivian had to cut its 2022 production estimates by 50% due to the chip shortage. Because Rivian is a relatively new company, it didn't have the healthiest chip supply compared to other EV manufacturers.

Who makes the batteries for rivian?

Samsung SDI is supplying the battery cells for Rivian's launch vehicles, which are being made in Normal. It also supplies other EV makers.

Rivian's Huge Error Points to CEO's Loss of Control | EV News

How many batteries does a rivian take?

The Rivian's battery is 135 kWh and consists of 9 modules with a total of 7,776 2170-type cylindrical cells.

How is Rivian doing financially?

Rivian reported negative free cash flow of $1.452 billion in Q1 vs. $802 million a year earlier. It ended Q1 with $16.971 billion in cash and cash equivalents. The EV startup has more than 90,000 R1 EV preorders as of May 9, including more than 10,000 new orders since a March price increase.

What went wrong with Rivian?

Rivian detailed persistent problems in obtaining semiconductors and other parts. Since the end of March, the company said, the shortages have forced it “to stop production for longer periods than anticipated, resulting in approximately a quarter of the planned production time being lost due to supplier constraints.”

Is Rivian stock a buy?

Rakesh's price target for Rivian stock is $80 a share, up almost 140% from Friday's close of $30.96. He rates shares Buy. He isn't alone in his bullish views. Overall, about 65% of analysts covering the stock rate shares Buy.

Is Rivian a Chinese company?

Rivian Automotive, Inc. is an American electric vehicle automaker and automotive technology company founded in 2009.

How long is the wait for a Rivian?

Rivian tells buyers of trucks, SUVs with 400-mile range to wait until 2023.

How is the company Rivian doing?

Though Rivian is still worth about $55 billion, its stock has fallen by nearly two-thirds from its peak and is well below its I.P.O. price. Investors' anxiety about Rivian's prospects can be traced in part to its failure to meet a modest goal of producing 1,200 vehicles for individual buyers in 2021.

Is Rivian a threat to Tesla?

Rivian filed for an initial public offering back in August. The 12-year-old company, which is backed by Amazon and considered one of the biggest threats to Tesla, is now one of the world's most valuable automakers, worth billions more than Ford or GM — even though, as of October, it's only delivered 156 vehicles.

What does Elon Musk say about Rivian?

During an interview with the Tesla Silicon Valley Owners Club, Tesla CEO Elon Musk said that both Lucid Motors and Rivian, two US-based electric vehicle startups, are trending toward bankruptcy. The CEO said: Unless something changes significantly with Rivian and Lucid, they will both go bankrupt.

Is Rivian worth more than Ford?

The $100bn car company you may not have heard of: It's never made a profit... but electric truck-maker Rivian is worth more than GM and Ford.

Will Rivian lower prices?

It announced the introduction of cheaper, lower-specification models in 2024 that will match the vehicles' original prices. Rivian said inflationary pressure and supply chain shortages were to blame.

Will Rivian shares bounce back?

Even as Rivian struggles to ramp up production of its electric pickups and SUVs amid ongoing supply chain issues, most Wall Street analysts maintain a “buy” rating on the stock and remain convinced that it will eventually bounce back.

Will Rivian keep going up?

And over the longer term, Rivian is expected to deliver 290,000 vehicles by 2025 with further growth towards 701,918 vehicles by 2030. Our base case forecast accordingly projects revenues of $1.9 billion for the current year, with growth towards $25.8 billion by 2025 and $78.7 billion by 2030.

Why does Rivian keep dropping?

After announcing yesterday that "inflationary pressure, increasing component costs, and unprecedented supply chain shortages and delays for parts (including semiconductor chips)" necessitated the price hikes just yesterday, today Rivian CEO RJ Scaringe promised that Rivian would eat some of those costs itself.

Does Rivian have any debt?

Rivian Automotive long term debt for 2021 was $1.226B, a 2508.51% increase from 2020. Rivian Automotive long term debt for 2020 was $0.047B, a 33.8% decline from 2019. Rivian Automotive long term debt for 2019 was $0.071B, a INF% increase from .

Can you charge a Rivian at a Tesla station?

Can you charge a Rivian at a Tesla station? The Rivian charging network is not compatible with the Tesla Supercharger network. The two networks use different plugs (CCS Combo 2 for Rivian, and Chademo/Supercharger for Tesla) and therefore, you cannot charge a Rivian at a Tesla Supercharger station.

Will rivian R1S have 400 mile range?

Rivian says the $10,000 Max battery option will increase the range for both the R1T and R1S to over 400 miles; with the standard Large 135 kWh pack, it's an EPA-rated 314 miles for the R1T and an estimated 316 for the R1S.

How many miles does the Rivian battery last for?

A brand new all-electric Rivian R1T pickup truck has recently been range tested at 70 mph (113 km/h) by our colleague Kyle Conner, for the Out of Spec Reviews channel. The R1T, with a 135 kWh battery, has an EPA Combined range of 314 mi (505 km), while its EPA Highway range is 292.9 mi (471.3 km).

Does Ford own Rivian?

Amazon owns about 17.7% of Rivian, while Ford owns 11.4%.