Rivian Automotive Inc traded at $11.83 this Friday October 23rd, decreasing $0.23 or 1.91 percent since the previous trading session. Looking back, over the last four weeks, Rivian Automotive lost 22.63 percent. Over the last 12 months, its price fell by 8.86 percent. Looking ahead, we forecast Rivian Automotive Inc to be priced at 11.58 by the end of this quarter and at 10.86 in one year, according to Trading Economics global macro models projections and analysts expectations.
Rivian Automotive, Inc. is an automotive manufacturer, which is engaged in developing and building category-defining electric vehicles (EVs) and accessories. The Company’s R1 platform offers the first-generation consumer 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 Rivian Commercial Vehicle (RCV) platform. The Company’s vehicle on this platform is Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon. Alongside its commercial vehicles, it offers FleetOS, its proprietary, end-to-end centralized fleet management subscription platform. It also offers a variety of services, including financing and insurance, vehicle maintenance and repair, charging and FleetOS solutions. Its value-added services include digitally enabled financing and leasing, telematics-based insurance, proactive vehicle service, software services, and more.