Is Rivian the next Tesla?

Electric vehicle maker Rivian closed trading Thursday valued at nearly $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. In short, investors are betting that Rivian can become the next Tesla, whose own market cap stands above $1 trillion.

Is Rivian better than Tesla?

RIVIAN R1T: TOWING. Rivian earns a slight edge over the less-expensive Teslas here, claiming that the R1T tows 11,000 pounds compared to 7,500 and 10,000 pounds for the single- and double-motor Cybertrucks, respectively.

Can Rivian be as big as Tesla?

Key Data Points. Rivian shares may never have the phenomenal returns Tesla stock has provided. But the company has a good base of orders and plans to be able to ramp up to large-scale production with a total planned capacity of 600,000 annual units. Like Tesla in its early years, it must overcome the early challenges.

What company will be the next Tesla?

BYD and Nio are the next Tesla - Future Readiness Article.

Who will be Tesla's biggest competitor?

Is Rivian the next Tesla?

Is Rivian a good stock to buy?

Rivian now has a market cap of $23.013 billion. Is Rivian stock a good buy? The Rivian IPO priced an upsized 153 million shares at $78 a share Nov. 9, 2021, above the expected range. The RIVN IPO raised $11.9 billion, giving Rivian an initial valuation of roughly $77 billion.

Will Rivian be successful?

Despite hiccups, Rivian is likely to be successful, he said. “They already have trucks in the hands of customers, and that's more than other companies can say.” And the company also offers a “unique product that looks and feels different than anything else already out there,” he said.

Will Rivian ever go back up?

In the company's fourth-quarter shareholders letter, management stated that supply chain issues "which we believe will continue through at least 2022, have added a layer of complexity to our production ramp-up." Rivian disappointingly projected in its Q4 2021 earnings report that it will deliver 25,000 vehicles this ...

Who are Rivians investors?

Other big names like Ford, Cox Automotive, and BlackRock put money into Rivian in the years that followed. Amazon is Rivian's largest investor, with a 22.4% stake in the company, while T. Rowe Price has the second-largest share, representing an 18.8% stake.

Is Rivian owned by Tesla?

Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. (TSLA). Largely unknown outside of automotive circles, the privately-held maker of premium electric sport utility vehicles (SUVs) and pickup trucks has yet to sell a vehicle.

Will Rivian use Tesla Superchargers?

No, the Rivian charging network is not compatible with the Tesla Supercharger network. There are a few reasons why you cannot charge a Rivian with a Tesla charger. The first reason is that Rivian uses a different type of charging port than Tesla.

Will Rivian have autopilot?

Rivian Driver+ vs Ford Blue Cruise vs Tesla

It is also well equipped to automatically over-take slower cars and because of the link to the GPS within the car, the autopilot feature is accessible on all major highways and access roads something that Ford is yet to introduce into their systems.

How fast can the Rivian go from 0 60?

The Rivian R1T is an exceptional vehicle, as it's not only the first modern all-electric pickup truck, but also very likely the quickest one on the market. The stock version is promised to accelerate from 0 to 60 mph (96.5 km/h) in 3 seconds. It's also the least expensive EV to accelerate so quickly.

Is Rivian overvalued?

Based on 2022 production, Rivian is vastly overvalued.

What is wrong with Rivian?

Rivian has too many problems at hand: It faces a shortage of key raw materials and struggles to ramp up production while burning through cash rapidly. Additionally, the company faces increasing competition with each passing day.

What is Rivian stock price prediction?

Stock Price Forecast

The 14 analysts offering 12-month price forecasts for Rivian Automotive Inc have a median target of 52.00, with a high estimate of 108.00 and a low estimate of 24.00. The median estimate represents a +67.74% increase from the last price of 31.00.

How long will a Rivian last?

Rivian's warranty states 70% capacity to at least 8 years/175K miles.

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.

Why is Rivian worth so much?

Rivian has caught the attention of the market, especially for the high production capacity of 150,000 vehicles per year. This is a milestone that even Tesla was able to reach only a couple of years ago, after a long runway in Model S manufacturing. The company's R1T electric pickup starts at around $67,500.

How do I buy Rivian stock before IPO?

You cannot buy Rivian shares on the open market. It may be possible to purchase pre-IPO shares or to invest at the IPO, but you'll have to meet requirements and there may be restrictions. These shares may not be available at all.

Why is Rivian stock so low?

Rivian's stock tanked by almost 20% and hit a new low on Monday as the company's IPO lockup period ended, giving some early investors—including Ford, according to reports—their first chance to sell shares of the electric vehicle startup, which have cratered amid the wider market selloff so far this year.

Why is Rivian stock dropping?

Rivian's stock price fell more than 17% Monday, a drop prompted by a CNBC report that Ford was selling 8 million shares of the EV automaker. Ford held a 12% stake, or about 102 million shares, of Rivian.

Which EV stock will grow the most?

BYD just reported a whopping 241% year-over-year jump in net income for the first quarter, driven by a more-than 400% growth in NEV sales. BYD clocked the highest sales growth in global EVs between 2020 and 2021 among all major automakers, including Tesla (TSLA 7.43%).

Who is Tesla's closest competitor?

Tesla has several competitors among traditional carmakers, such as Ford and Honda. Tesla has managed to see success by focusing on premium electric vehicles (EVs). There is more competition, however, now entering the higher-end electric and self-driving car market.