Rivian Automotive(RIVN)

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Rivian recalls 24K US electric vehicles over driver assistance glitch that can increase crash risk
New York Post· 2025-09-12 15:07
Rivian is recalling 24,214 US electric vehicles over a software glitch in its hands-free driver assistance program that can fail to identify lead vehicles and increase the risk of a crash, the National Highway Traffic Safety Administration said Friday.The recall includes 2025 R1S and R1T vehicles running on an older software system. It estimates 100% of these electric SUVs and trucks have the defect.The recall includes some of Rivian’s R1S (above) and R1T models. Bloomberg via Getty ImagesRivian said it is ...
Rivian Faces Recall — Is This the End for the EV Maker?
247Wallst· 2025-09-12 13:49
Core Viewpoint - Rivian Automotive (RIVN) has announced a recall of over 24,000 R1S and R1T vehicles due to software flaws in the Highway Assist feature, which pose a risk of crashes [1] Group 1 - The recall affects more than 24,000 vehicles, specifically the R1S and R1T models [1] - The issue is related to the Highway Assist software, which has been identified as having flaws that could lead to potential crashes [1]
Dear Rivian Stock Fans, Mark Your Calendars for September 30
Yahoo Finance· 2025-09-12 11:30
Group 1: Company Challenges - Rivian shareholders face a crucial deadline with the expiration of the $7,500 federal tax credit by the end of the month, which could impact the company's near-term prospects [1] - The company has initiated its second workforce reduction of 2025, cutting approximately 150 employees, or 1.5% of its staff, primarily in commercial teams [2] - Rivian's stock has declined over 60% from all-time highs due to rising competition, sluggish demand, and a high cash burn rate, raising concerns about the expiration of the tax credit [3] Group 2: Product Development and Market Strategy - Rivian is preparing for the launch of its more affordable R2 SUV in 2026, targeting the mass-market segment with a starting price of $45,000 [4][5] - The R2 platform indicates a shift toward mass-market viability, expanding Rivian's addressable customer base beyond the $90,000 R1 flagship [5] - Rivian has achieved significant cost reductions, with R2's bill of materials costs contracted at roughly half the level of R1, positioning it for healthy gross margins [6] Group 3: Technological Advancements - Rivian's $5.8 billion software licensing partnership with Volkswagen validates its technological differentiation and provides recurring revenue streams [7] - The partnership represents one of the largest software licensing agreements in automotive history, showcasing the scalability of Rivian's software-defined vehicle architecture [7][8] - Rivian's clean-sheet approach utilizes just three computers compared to the industry-standard 100-plus electronic control units, enhancing its technological advantage [8]
Rivian to recall over 24,000 US vehicles over highway assist software issue, NHTSA says
Reuters· 2025-09-12 07:23
Group 1 - Rivian is recalling over 24,000 of its 2025 model year R1S and R1T electric vehicles [1] - The recall is due to a software defect in the Hands-Free Highway Assist system [1] - The defect may cause the system to misidentify lead vehicles [1]
Rivian Automotive, Inc. (RIVN) Presents At Morgan Stanley's 13th Annual Laguna Conference Transcript
Seeking Alpha· 2025-09-12 03:24
Group 1 - The R2 vehicle is generating significant attention, with many people expressing interest in it, highlighting its visual appeal and packaging [1] - The CEO of Rivian, Robert Scaringe, notes that the R2's scale is better appreciated when compared to other vehicles, such as the R1, indicating a positive reception among potential customers [2] - The R2 is being used in practical scenarios, such as school pickups, which showcases its functionality and appeal to families [2]
Rivian Automotive (NasdaqGS:RIVN) FY Conference Transcript
2025-09-12 00:52
Rivian Automotive FY Conference Summary Company Overview - **Company**: Rivian Automotive (NasdaqGS:RIVN) - **Date of Conference**: September 11, 2025 Key Industry Insights - **Electric Vehicle Market**: Rivian is focused on expanding its presence in the electric vehicle (EV) market, particularly with the upcoming R2 model, which is expected to provide a compelling alternative to existing options like Tesla's Model 3 and Model Y [7][32][90]. Core Points and Arguments 1. **R2 Vehicle Launch**: The R2 program is a significant focus for Rivian, incorporating lessons learned from previous models to enhance manufacturability and cost optimization. The vehicle is set to launch with advanced technology for autonomy and is priced starting at $45,000 [7][13]. 2. **Autonomy and AI Development**: Rivian is investing heavily in its autonomy platform, with plans to demonstrate advancements in AI and self-driving capabilities by the end of 2025. The company aims to expand hands-free driving features significantly by 2027-2028 [20][21][27][79]. 3. **Supply Chain Challenges**: Rivian faced challenges related to rare earth metals due to export controls from China, impacting production. The company is working with the U.S. government and other firms to establish new supply chains for these materials [29][30][95]. 4. **Market Dynamics**: The removal of greenhouse gas credits and consumer tax credits is expected to create short-term headwinds for Rivian. However, this may also lead to a less competitive pricing environment, allowing Rivian to better position its products [30][31][98]. 5. **Production Readiness**: Rivian has made significant progress in preparing for R2 production, with over 99% of parts sourced and production tooling completed. The company is focused on ensuring supplier readiness to support increased volume [36][40][41]. 6. **Partnerships and Technology Licensing**: Rivian's partnership with Volkswagen Group is crucial for demonstrating the scalability of its technology. This collaboration is expected to enhance Rivian's position as a technology provider in the automotive industry [52][58][65][66]. Additional Important Insights - **Consumer Choice**: Rivian emphasizes the need for more compelling choices in the EV market, arguing that the current lack of options limits overall adoption rates. The R2 is positioned to fill this gap [90][91]. - **Market Positioning**: Rivian aims to differentiate itself through unique vehicle attributes and advanced technology, which it believes will attract customers currently loyal to traditional combustion vehicles [91][92]. - **Future Outlook**: The company is optimistic about the R2's potential to drive EV adoption in the U.S., especially as it offers a different form factor and brand presentation compared to existing options [32][90]. This summary encapsulates the key points discussed during the Rivian Automotive FY Conference, highlighting the company's strategic focus on the R2 vehicle, advancements in autonomy, supply chain management, and market positioning within the electric vehicle industry.
Rivian Balances Layoffs and $1 Billion Volkswagen Investment Ahead of R2 Launch
Yahoo Finance· 2025-09-11 16:04
Group 1 - Rivian Automotive, Inc. is preparing for the launch of its R2 SUV while balancing layoffs and a $1 billion equity investment from Volkswagen [2][3] - The company achieved significant progress in the development of the R2 vehicle and its autonomy platform, indicating strong future growth potential [2] - Rivian completed a new 1.1 million square foot facility in Illinois to support R2 production, reflecting strong demand and commitment to scaling manufacturing capacity [2] Group 2 - The company announced a small number of layoffs aimed at cost reduction, which may initially project a negative outlook [3] - Despite the layoffs, Rivian has gained institutional interest from 38 hedge funds, indicating confidence in the company's stock [3] - Rivian focuses on the premium electric adventure vehicle market and has a significant partnership with Amazon for electric delivery vans [4]
Rivian Automotive, Inc. (RIVN) Presents At Goldman Sachs Communacopia + Technology Conference 2025 Transcript
Seeking Alpha· 2025-09-10 22:03
Core Insights - The R2 product is positioned as a crucial future offering for the company, representing a significant shift in its product strategy and market approach [1][2] - The company has reported over 100,000 nonbinding preorders for the R2, indicating strong initial demand and interest in the product [1] - The R2 is expected to broaden the customer base significantly due to its lower starting price of $45,000 compared to the flagship R1, which has an average selling price of around $90,000 [2] Demand Assessment - The company is optimistic about the demand for the R2, viewing it as an inflection point that will enable higher production volumes and better coverage of fixed costs [2] - The transition from the R1 to the R2 is seen as a strategic move to connect with a wider audience and enhance brand visibility [2]
Rivian Automotive (NasdaqGS:RIVN) 2025 Conference Transcript
2025-09-10 20:27
Rivian Automotive Conference Call Summary Company Overview - **Company**: Rivian Automotive (NasdaqGS:RIVN) - **Date**: September 10, 2025 - **Key Speaker**: RJ Scaringe, Founder and CEO Key Points R2 Vehicle Launch and Demand - Rivian has over 100,000 non-binding pre-orders for the R2 vehicle, which starts at an average selling price (ASP) of $45,000, significantly lower than the R1's ASP of around $90,000 [4][5][3] - The R2 is seen as a critical program for Rivian, expected to enable higher production volumes and positive free cash flow [4][6] - Initial excitement for the R2 has been strong, with 70,000 orders within 24 hours of its launch announcement in spring 2024 [5] Production and Manufacturing Confidence - Rivian plans to begin shipping the R2 in the first half of 2026, with a production capacity of 150,000 units per year at its Normal, Illinois facility [10][9] - The company has learned from the R1 production challenges, focusing on supplier readiness and validation to ensure a smooth ramp-up for R2 [10][8] European Market Potential - The R2 is designed for both U.S. and European markets, with potential for 0% tariffs on exports from the U.S. to Europe, making it an attractive market for Rivian [12][11] - Rivian has existing service infrastructure in Europe from its commercial van operations with Amazon, which can be scaled for R2 [15][14] Manufacturing Technology and Cost Structure - Rivian is focusing on simplifying product design to reduce costs, with the bill of materials being a significant cost driver [16][17] - The company is exploring further manufacturing innovations for future production phases, including potential changes in Georgia [17] R1 Vehicle Performance - The R1 is the best-selling premium electric SUV in the U.S., with a market share of approximately 35% in the premium SUV segment [18][19] - Rivian plans to shift some customers from R1 to R2, allowing R1 to move further upmarket and increase its ASP [23][22] Commercial Vehicle Business - Rivian's contract with Amazon for 100,000 commercial vehicles is still on track, with expectations for significant growth in deliveries by 2026 and 2027 [24][25] - The company sees potential for expanding its commercial business beyond Amazon, driven by lower total cost of ownership for electric vehicles [26] Technology and Partnerships - Rivian has a joint venture with Volkswagen Group, providing access to its electrical and electronic architecture, valued at approximately $6 billion [28][37] - The architecture supports software-defined vehicles, allowing for easier updates and new features [34][35] Autonomy and Future Expectations - Rivian plans to offer Level 3 autonomy by 2026, with expectations for significant advancements in self-driving technology by 2030 [41][45] - The company is focused on solving technical challenges before exploring partnerships in the autonomous vehicle space [48] Financial Outlook - Rivian aims to achieve adjusted EBITDA break-even by 2027, with the R2 program designed to support a healthy gross margin even without existing incentives [50][51] - The ramp-up of R2 production in 2026 is seen as crucial for reaching positive EBITDA in 2027 [52] Additional Insights - Rivian's approach to manufacturing and technology emphasizes cost reduction and efficiency, positioning the company for competitive advantage in the electric vehicle market [16][36] - The company is optimistic about the future of electric vehicles and the potential for growth in both consumer and commercial segments [25][26]
Rivian Automotive (NASDAQ: RIVN) Stock Price Prediction for 2025: Where Will It Be in 1 Year (Sept 10)
247Wallst· 2025-09-10 12:35
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are changing hands for 3.4% less than a week ago, underperforming the Nasdaq. ...