Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Most Trending
-1.31%
+11.08%
+0.02%
-17.12%
Most Trending
-1.31%
+11.08%
+0.02%
-17.12%
Michael.GreenChief Market Analyst with over 15 years experience with candid commentary and focuses on daily market analysis and financial research writing
Rivian Automotive burst onto the scene in 2021 when it went public amid a surge in electric vehicle (EV) interest. The company, which makes an all-electric pickup truck and SUV, has earned a spot among some of the most innovative electric vehicle makers -- but unfortunately, its share price hasn't kept pace. Rivian's stock has tumbled 87% since its IPO. Under the weight of an increasingly competitive EV market and rising material costs, it's worth asking the question:
Can the company, just like Tesla, solved its problems and enter into a period of growth and innovation?
Here are a few reasons why Rivian is appealing: Rivian is clearly increasing vehicle production, deliveries, and revenue. Here are what the company reported in its Q4 2022 Shareholder Letter:
Our progress during 2022 was considerable as we produced 24,337 vehicles across our Two vehicle platforms and increased production 36% in the fourth quarter as compared to The third quarter. Our impact continues to grow as demonstrated by the total miles driven By all Rivian vehicles exceeding 160 million and over 10 million packages delivered from Rivian produced Amazon vehicles.
We achieved several major milestones in 2022, despite the significant supply chain
Volatility across the industry:
• Ramped the production of all four of our vehicles, producing 24,337 vehicles
• Scaled our delivery and go-to-market operations, delivering 20,332 vehicles
To customers throughout the United States and Canada
Rivian's vehicle production soared 268% to 9,395 vehicles in the fourth quarter, and it also delivered an impressive 7,946 vehicles -- a more than 5X increase from the year-ago quarter.
The strong quarterly vehicle production prompted Rivian's management to reiterate its confidence in meeting its goal of 50,000 in annual vehicle production in 2023. That's an important figure not just for Rivian, but also because it sets the company apart from many smaller EV start-ups, which don't even come close to Rivian's quarterly production output.
Rivian's sales are also climbing higher. Revenue jumped by more than 10 times in Q4 (first-quarter sales won't be released until next month) to $663 million. And Rivian has no shortage of orders for its vehicles either. Amazon has an order of 100,000 vehicles that Rivian has already begun delivering, and the company has a customer preorder backlog "that extends into 2024."
It took Tesla, many years to make a profit, but Rivian can there a lot faster. The company has an opportunity to become a key player in the EV market.
Did You Like the Article?
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
Get all the pieces of the puzzle on important data activity before the major news sources break the story and find out what happening right now and what could happen in the future
FIND US ON
Receive our Daily Alerts
Enter your email to receive daily alerts
Real-time stock market updates
Expert stock analysis
Investment strategies
Top stock recommendations
Trading signals and opportunities
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
FIND US ON
Receive our Daily Alerts
Enter your email to receive daily alerts
In-depth stock analysis
Informed investment decisions
Stock market insights
Stock trading tips
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Comments
Please Login to add comment