Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. It provides software and services, such as remarketing, vehicle repair and maintenance services, and vehicle electrical architecture and software development services. In addition, the company designs, develops, manufactures, and operates the Rivian Adventure Network Direct Current fast chargers, and offers access to Combined Charging Standard, as well as FleetOS, a proprietary, end-to-end centralized fleet management subscription platform. Further, it offers Rivian Commercial Van platform for Electric Delivery Van with collaboration with Amazon.com, Inc. It sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California.
EV Market Challenge | Rivian positions itself as a formidable competitor in the electric vehicle sector, leveraging innovative technology and strategic partnerships to carve out its niche |
Financial Crossroads | Explore Rivian's journey towards profitability, balancing impressive revenue growth with ongoing production challenges and negative margins |
Strategic Alliances | Delve into Rivian's expanded joint venture with Volkswagen, potentially extending cash runway and supporting development of new vehicle platforms |
Future Trajectory | Analyst price targets range from $11 to $23, reflecting varied opinions on Rivian's potential amid production ramp-up and launch of new models |
Metrics to compare | RIVN | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipRIVNPeersSector | |
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P/E Ratio | −3.2x | −0.2x | 10.4x | |
PEG Ratio | −0.17 | −0.21 | 0.02 | |
Price/Book | 2.3x | 2.3x | 1.4x | |
Price / LTM Sales | 3.0x | 1.0x | 0.9x | |
Upside (Analyst Target) | 6.1% | 34.7% | 28.5% | |
Fair Value Upside | Unlock | 11.9% | 11.0% | Unlock |