Rivian Unveils New EV Models Expected to Skyrocket Sales Next Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: NASDAQ.COM
- Sales Potential: Rivian is set to begin production of its first model priced under $50,000, the R2, next quarter, which is expected to significantly boost sales and attract a broader consumer base, thereby enhancing its market competitiveness.
- AI Investment: Rivian is ramping up its investments in artificial intelligence, planning an AI Day in December to showcase its latest advancements in hands-free driving assistance and point-to-point navigation, which is anticipated to further strengthen its technological edge.
- Market Comparison: Despite Rivian's market cap being less than $30 billion, the long-term growth potential becomes clear when compared to Tesla's $1.5 trillion valuation, especially following the launch of new models.
- Industry Trends: As competition in the electric vehicle market intensifies, Rivian's multiple new models are expected to transition it from a niche luxury brand to a direct competitor of Tesla, likely driving market share growth in the coming years.
Analyst Views on RIVN
Wall Street analysts forecast RIVN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIVN is 13.98 USD with a low forecast of 7.55 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
5 Buy
8 Hold
5 Sell
Hold
Current: 19.590
Low
7.55
Averages
13.98
High
25.00
Current: 19.590
Low
7.55
Averages
13.98
High
25.00
About RIVN
Rivian Automotive, Inc. is an automotive manufacturer, which is engaged in developing and building category-defining electric vehicles (EVs) and accessories, as well as software and services that address the entire lifecycle of the vehicle. 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, software subscriptions and FleetOS solutions. Its value-added 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.





