Rivian Shares Rise 3.38% to $15.00
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy RIVN?
Moderately bullish activity in Rivian (RIVN), with shares up 49c, or 3.38%, near $15.00. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.44. Implied volatility (IV30) dropped 1.54 near 55.6,in the bottom quartile of the past year, suggesting an expected daily move of $0.53. Put-call skew flattened, suggesting a modestly bullish tone.
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Analyst Views on RIVN
Wall Street analysts forecast RIVN stock price to rise
18 Analyst Rating
8 Buy
7 Hold
3 Sell
Moderate Buy
Current: 14.480
Low
10.00
Averages
17.78
High
25.00
Current: 14.480
Low
10.00
Averages
17.78
High
25.00
About RIVN
Rivian Automotive, Inc. is an automotive technology company, which is engaged in developing and manufacturing category-defining electric vehicles (EVs) as well as vertically integrated technologies and services. The Company's R1 platform consists of two vehicles: the R1T, a two-row five-passenger pickup truck, and the R1S, a three-row seven-passenger sport utility vehicle (SUV). In the commercial market, the Company offers a Rivian Commercial Vehicle (RCV) platform. The vehicle on this platform is the Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon. The Company also offers FleetOS, its proprietary, end-to-end centralized fleet management subscription platform. It also offers a variety of services, including vehicle repair and maintenance, financing, insurance, joint venture, software subscriptions, and vehicle accessories, among others. Its other services include vehicle electrical architecture and software development services, and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rivian Q1 Results Analysis and Future Outlook
- Revenue Growth: In Q1, Rivian's revenue increased by 11% year-over-year to $1.4 billion, with deliveries rising 20% to 10,365 vehicles, nearly half of which came from Electric Delivery Van sales to Amazon, indicating strong performance in the electric logistics market.
- Surge in Software Revenue: Software and service revenue soared by 49% to $473 million, with approximately 60% stemming from its joint venture with Volkswagen, highlighting Rivian's potential in high-margin software business, which is expected to drive future profitability.
- Cash Outflow and EBITDA Loss: The company reported a free cash outflow of $1.08 billion in Q1, significantly up from $526 million a year ago, while adjusted EBITDA loss widened from $329 million to $472 million, reflecting financial pressures during its expansion phase.
- Future Outlook and Investments: Despite challenges, Rivian maintains its delivery target of 62,000 to 67,000 vehicles for 2023 and anticipates receiving $1 billion from Volkswagen and $550 million from Uber, demonstrating its ongoing appeal in the electric vehicle market.
See More
Rivian Automotive's Promising Outlook with R2 SUV Launch
- Revenue Growth: In Q1, Rivian's revenue rose 11% year-over-year to $1.4 billion, with deliveries increasing by 20% to 10,365 vehicles, indicating sustained growth potential in the electric vehicle market, particularly from Amazon's electric delivery vans contributing nearly half of the revenue.
- Surge in Software Revenue: Software and service revenue surged 49% year-over-year to $473 million, with approximately 60% coming from its joint venture with Volkswagen, highlighting Rivian's success in high-margin software business despite a 2% decline in automotive revenue to $908 million.
- Capital Infusion Outlook: Rivian expects to receive $1 billion from Volkswagen and $550 million from Uber this year, which will provide financial support for the launch of its new R2 SUV and the development of autonomous driving technology, enhancing its competitive position in the market.
- Future Guidance: Despite challenges, Rivian maintains its delivery target for 2023, expecting to deliver between 62,000 and 67,000 vehicles, and plans to achieve full autonomy by 2028, demonstrating its long-term strategic positioning in the electric vehicle and autonomous driving sectors.
See More
SpaceX IPO Could Spark Transformation in Self-Driving Technology
- Valuation Expectations: SpaceX is set to go public with a valuation between $1.5 trillion and $2 trillion, aiming to raise $50 billion to $75 billion in fresh capital through its IPO, which will significantly bolster the company's growth prospects.
- Retail Investor Participation: Founder Elon Musk intends to reserve up to 30% of shares for retail investors, allowing the general public easy access to invest in SpaceX, thereby enhancing market engagement and public awareness.
- Rivian's Potential Gains: Rivian, a direct competitor to Tesla, is expected to benefit from the SpaceX IPO, particularly in its investments in self-driving technology and artificial intelligence, which could accelerate its market growth.
- Increased Industry Competition: Following the SpaceX IPO, Tesla's self-driving ambitions will likely accelerate, prompting competitors like Alphabet and Uber to ramp up their investments, further intensifying competition and technological advancements in the electric vehicle market.
See More
Rivian Plans New Variants for R2 Series
- New Model Announcement: In March, Rivian announced three variants for the R2 series, including Standard, Premium, and Performance, with the top-end model expected to deliver in June at around $58,000, aimed at expanding market share and competing with Tesla's Model Y.
- Future Model Outlook: CEO RJ Scaringe indicated that the company is considering launching additional undisclosed R2 variants, hinting at a potential R2X version, which reflects a strategic focus on expanding the product lineup.
- Production Plan Adjustments: Rivian commenced R2 SUV production at its Illinois facility in April, expecting to deliver 62,000 to 67,000 vehicles in 2026, a significant increase from 42,247 in 2025, although deliveries will be back-half weighted, potentially impacting short-term profitability.
- Market Reaction Analysis: Despite RIVN stock dropping nearly 4% last week, retail sentiment on Stocktwits remains 'extremely bullish', indicating confidence in Rivian's future product lineup, with the stock gaining 7% over the past 12 months.
See More
Rivian Partners with Uber to Accelerate Electric Vehicle Development
- Strategic Partnership: Rivian's new agreement with Uber is expected to bring over $1 billion in new capital, with Uber ordering 10,000 R2 SUVs and planning to purchase an additional 40,000 by 2030, significantly enhancing Rivian's position in the electric vehicle market.
- Technological Innovation: Rivian's in-house AI processors will form the foundation of its autonomy platform, with R2 vehicles expected to feature advanced cameras, radar arrays, and lidar by the end of this year, further strengthening its competitive edge.
- Market Reaction Anticipation: As Uber's R2 robotaxis are set to launch in 2028, investors will closely monitor the progress of this partnership, with Rivian's stock price likely to fluctuate significantly based on market feedback, particularly regarding R2 demand and retail sales.
- Challenging Tesla's Potential: The collaboration between Rivian and Uber not only poses a direct challenge to Tesla but may also accelerate Rivian's rapid development in autonomous driving through Uber's investment and technological support, thereby enhancing its market valuation and investment appeal.
See More
Rivian Develops New R2 Variants to Broaden Market Appeal
- New Model Development: Rivian is developing new R2 variants aimed at expanding beyond the initial launch version to attract a wider range of buyers, thereby enhancing its influence in the midsize EV market.
- Delivery Timeline Expectations: Rivian expects the first R2 deliveries to begin in spring 2026, starting with a high-end Performance model priced around $58K, with cheaper versions anticipated to launch in 2027.
- Market Strategy: By adopting a staged approach to vehicle launches, Rivian can bring the vehicles to market sooner while allowing room to lower entry prices over time, thus enhancing its competitive position.
- Stock Market Performance: Although Rivian shares rose 0.8% in Wednesday morning trading, the stock has declined over 25% year-to-date, indicating market caution regarding its future performance.
See More
Rivian Q1 Results Analysis and Future Outlook
- Revenue Growth: In Q1, Rivian's revenue increased by 11% year-over-year to $1.4 billion, with deliveries rising 20% to 10,365 vehicles, nearly half of which came from Electric Delivery Van sales to Amazon, indicating strong performance in the electric logistics market.
- Surge in Software Revenue: Software and service revenue soared by 49% to $473 million, with approximately 60% stemming from its joint venture with Volkswagen, highlighting Rivian's potential in high-margin software business, which is expected to drive future profitability.
- Cash Outflow and EBITDA Loss: The company reported a free cash outflow of $1.08 billion in Q1, significantly up from $526 million a year ago, while adjusted EBITDA loss widened from $329 million to $472 million, reflecting financial pressures during its expansion phase.
- Future Outlook and Investments: Despite challenges, Rivian maintains its delivery target of 62,000 to 67,000 vehicles for 2023 and anticipates receiving $1 billion from Volkswagen and $550 million from Uber, demonstrating its ongoing appeal in the electric vehicle market.
See More
Rivian Automotive's Promising Outlook with R2 SUV Launch
- Revenue Growth: In Q1, Rivian's revenue rose 11% year-over-year to $1.4 billion, with deliveries increasing by 20% to 10,365 vehicles, indicating sustained growth potential in the electric vehicle market, particularly from Amazon's electric delivery vans contributing nearly half of the revenue.
- Surge in Software Revenue: Software and service revenue surged 49% year-over-year to $473 million, with approximately 60% coming from its joint venture with Volkswagen, highlighting Rivian's success in high-margin software business despite a 2% decline in automotive revenue to $908 million.
- Capital Infusion Outlook: Rivian expects to receive $1 billion from Volkswagen and $550 million from Uber this year, which will provide financial support for the launch of its new R2 SUV and the development of autonomous driving technology, enhancing its competitive position in the market.
- Future Guidance: Despite challenges, Rivian maintains its delivery target for 2023, expecting to deliver between 62,000 and 67,000 vehicles, and plans to achieve full autonomy by 2028, demonstrating its long-term strategic positioning in the electric vehicle and autonomous driving sectors.
See More
SpaceX IPO Could Spark Transformation in Self-Driving Technology
- Valuation Expectations: SpaceX is set to go public with a valuation between $1.5 trillion and $2 trillion, aiming to raise $50 billion to $75 billion in fresh capital through its IPO, which will significantly bolster the company's growth prospects.
- Retail Investor Participation: Founder Elon Musk intends to reserve up to 30% of shares for retail investors, allowing the general public easy access to invest in SpaceX, thereby enhancing market engagement and public awareness.
- Rivian's Potential Gains: Rivian, a direct competitor to Tesla, is expected to benefit from the SpaceX IPO, particularly in its investments in self-driving technology and artificial intelligence, which could accelerate its market growth.
- Increased Industry Competition: Following the SpaceX IPO, Tesla's self-driving ambitions will likely accelerate, prompting competitors like Alphabet and Uber to ramp up their investments, further intensifying competition and technological advancements in the electric vehicle market.
See More
Rivian Plans New Variants for R2 Series
- New Model Announcement: In March, Rivian announced three variants for the R2 series, including Standard, Premium, and Performance, with the top-end model expected to deliver in June at around $58,000, aimed at expanding market share and competing with Tesla's Model Y.
- Future Model Outlook: CEO RJ Scaringe indicated that the company is considering launching additional undisclosed R2 variants, hinting at a potential R2X version, which reflects a strategic focus on expanding the product lineup.
- Production Plan Adjustments: Rivian commenced R2 SUV production at its Illinois facility in April, expecting to deliver 62,000 to 67,000 vehicles in 2026, a significant increase from 42,247 in 2025, although deliveries will be back-half weighted, potentially impacting short-term profitability.
- Market Reaction Analysis: Despite RIVN stock dropping nearly 4% last week, retail sentiment on Stocktwits remains 'extremely bullish', indicating confidence in Rivian's future product lineup, with the stock gaining 7% over the past 12 months.
See More
Rivian Partners with Uber to Accelerate Electric Vehicle Development
- Strategic Partnership: Rivian's new agreement with Uber is expected to bring over $1 billion in new capital, with Uber ordering 10,000 R2 SUVs and planning to purchase an additional 40,000 by 2030, significantly enhancing Rivian's position in the electric vehicle market.
- Technological Innovation: Rivian's in-house AI processors will form the foundation of its autonomy platform, with R2 vehicles expected to feature advanced cameras, radar arrays, and lidar by the end of this year, further strengthening its competitive edge.
- Market Reaction Anticipation: As Uber's R2 robotaxis are set to launch in 2028, investors will closely monitor the progress of this partnership, with Rivian's stock price likely to fluctuate significantly based on market feedback, particularly regarding R2 demand and retail sales.
- Challenging Tesla's Potential: The collaboration between Rivian and Uber not only poses a direct challenge to Tesla but may also accelerate Rivian's rapid development in autonomous driving through Uber's investment and technological support, thereby enhancing its market valuation and investment appeal.
See More
Rivian Develops New R2 Variants to Broaden Market Appeal
- New Model Development: Rivian is developing new R2 variants aimed at expanding beyond the initial launch version to attract a wider range of buyers, thereby enhancing its influence in the midsize EV market.
- Delivery Timeline Expectations: Rivian expects the first R2 deliveries to begin in spring 2026, starting with a high-end Performance model priced around $58K, with cheaper versions anticipated to launch in 2027.
- Market Strategy: By adopting a staged approach to vehicle launches, Rivian can bring the vehicles to market sooner while allowing room to lower entry prices over time, thus enhancing its competitive position.
- Stock Market Performance: Although Rivian shares rose 0.8% in Wednesday morning trading, the stock has declined over 25% year-to-date, indicating market caution regarding its future performance.
See More
