Rivian Automotive, Inc. (0ACR)
Summary
0ACR Chart
AI agents are coming to Rivian's cars
Rivian recently rolled out an AI assistant that lets drivers and passengers interact with the company's electric vehicles just by talking to them. But the carmaker's founder and CEO, RJ Scaringe, said at TechCrunch Disrupt this week that, in the future, Rivian's cars will be able to run AI agents made by other companies like Anthropic.
Rivian Automotive (RIVN) Dips More Than Broader Market: What You Should Know
In the closing of the recent trading day, Rivian Automotive (RIVN) stood at $13.38, denoting a -1.22% move from the preceding trading day.
Rivian: R2 Is A Winner (Rating Upgrade)
Rivian Automotive delivered 19,248 EVs in Q3, achieving 45.8% year-over-year growth, driven by strong R2 SUV adoption. RIVN's lower-cost R2 launch is catalyzing delivery acceleration, positioning the company for estimate upgrades and a robust Q3 earnings report. Management expects R2 to contribute positively to gross profit by year-end as scale improves, potentially narrowing Rivian's structural earnings issues.
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Rivian Automotive, Inc. Profile
| Automobiles Industry | Consumer Discretionary Sector | Robert Joseph Scaringe CEO | LSE Exchange | US76954A1034 ISIN |
| US Country | 15,232 Employees | - Last Dividend | - Last Split | 10 Nov 2021 IPO Date |
Overview
Rivian Automotive, Inc., established in 2009 and headquartered in Irvine, California, is at the forefront of electric vehicle innovation. With a focus on creating sustainable transport solutions, Rivian develops, manufactures, and sells a range of electric vehicles and accessories, primarily targeting the consumer market. By offering not only vehicles but also a suite of consumer services, the company aims to enhance the electric vehicle ownership experience. Rivian's commitment to sustainability extends beyond personal transport, as seen in their collaboration with Amazon.com, Inc. for electric delivery vans, aiming to redefine commercial logistics and reduce carbon footprints.
Products and Services
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R1T Pickup Truck
A two-row, five-passenger electric pickup truck designed for both efficiency and adventure, offering a unique blend of performance and utility for the environmentally conscious consumer.
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R1S Sport Utility Vehicle
An electric three-row, seven-passenger SUV that combines luxury, space, and off-road capability, providing a versatile option for families and adventure enthusiasts alike.
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Consumer Services
Rivian enhances the vehicle ownership experience through a range of services, including digital financing and leasing options, telematics-based insurance, comprehensive vehicle maintenance and repair services, innovative software services, and versatile charging solutions.
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Rivian Adventure Network and Charging Solutions
The company is not only about manufacturing electric vehicles but also about enabling their use in everyday life and adventures. Rivian has developed the Rivian Adventure Network, a series of Direct Current fast chargers, to support the electric adventure lifestyle. Additionally, Rivian offers access to the Combined Charging Standard (CCS) for broader compatibility with public charging networks.
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FleetOS
A proprietary, end-to-end centralized fleet management subscription platform, FleetOS, signifies Rivian's entry into the commercial sector, offering seamless management of electric vehicle fleets, including the Electric Delivery Van developed in collaboration with Amazon.com, Inc.
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Rivian Commercial Van
In partnership with Amazon.com, Inc., Rivian has developed an electric delivery van platform aimed at revolutionizing logistics and reducing the carbon footprint of delivery services. This initiative highlights Rivian's commitment to sustainable commercial transport solutions.
Contact Information
