Federal Loan and Factory Construction - Rivian Automotive finalized a federal loan worth up to $6.6 billion, including $6 billion in principal and $600 million in capitalized interest, to build a factory in Georgia [1] - The manufacturing plant will be located in Stanton Springs North, near Social Circle, Ga, less than one hour's drive from downtown Atlanta [2][4] - Construction is expected to begin in 2026, with production commencing in 2028 [3][4] Production and Job Creation - The new factory will accelerate production of Rivian's new R2 SUV and R3 crossover [2][4] - The project is expected to support the creation of 7,500 new manufacturing jobs [2] - The additional capacity is seen as key to U S leadership in the electric vehicle industry [2] Market Reaction - Rivian Automotive shares rose 3% on Friday following the announcement [3] - Despite the recent gain, shares are down more than 10% over the past year [3]

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump’s inauguration. The company will use the loan to help build out its planned factory in Georgia, east of Atlanta, with construction beginning in 2026. The first R2 SUVs are scheduled to come off the line in 2028.The loan comes from the Advanced Technology Vehicle Manufacturing (ATVM) program, part of the DOE’s Loan Programs Office. ATVM is most well-known as the program th ...

Rivian Automotive, Inc. (RIVN) will receive a $6.6 billion loan from the Department of Energy (DOE) to build a manufacturing plant in Georgia. This facility will produce SUVs and crossover vehicles, marking a shift from Rivian's current focus on luxury vehicles to what the DOE describes as mass-market models. Per Rivian, the funding will accelerate the launch of its new R2 SUV and R3 crossover, supporting U.S. leadership in the electric vehicle sector. Per the Biden administration, the plant will create 7,5 ...

One of the more high-profile electric vehicle (EV) stocks on the scene, pickup and SUV manufacturer Rivian Automotive (RIVN 3.59%), had a fine Thursday on the stock exchange. Investors traded the company's shares up by almost 4% on news that it had secured billions of dollars in financing from a very reliable source. That rise was in contrast to the slump of the S&P 500 (^GSPC -0.21%) across the trading session; it dipped by 0.2%.The most secure lender possibleRivian divulged in a press release that it has ...

In the latest market close, Rivian Automotive (RIVN) reached $13.34, with a -1.11% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq depreciated by 0.23%.Shares of the a manufacturer of motor vehicles and passenger cars witnessed a loss of 12.06% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 10.27% and the S&P 500's loss of 3.45%.The investment ...

Rivian (RIVN -2.60%) is a high risk stock that only more aggressive investors should be looking at. But, if you are looking at it, it might be worth jumping aboard before it releases fourth quarter 2024 and full year 2024 earnings on Feb. 20. Here's why the story in 2025 is likely to be more upbeat than the one that unfolded in 2024.What does Rivian do?Rivian is an electric vehicle (EV) maker with a focus on trucks. At this point it really makes two types of vehicles, a high-end consumer model and work truc ...

Over the past 12 months, Rivian (RIVN -2.53%) shares have been stuck under $20. That's a far cry from their all-time high of around $130. If you've been looking for a growth stock with significant upside potential, this could be your chance. However, there are two things in particular that you should know about before jumping in.This EV stock clearly has large upside potentialIt's not hard to see how Rivian shares could have immense upside. Shares of the EV maker trade at just 3.2 times sales, while other E ...

The next chapter of the electric vehicle story doesn't have to be all about Tesla again.There's no denying Tesla has been the centerpiece of the electric vehicle (EV) revolution to date. And rightfully so. It didn't just bring EVs into the mainstream. It made them cool. Patient shareholders have been well rewarded for riding out the stock's extreme volatility too.As time marches on, other EV players are entering the fray, providing new options to investors who fear Tesla stock's most rewarding days are in t ...

Core Viewpoint - Rivian has significant long-term growth potential despite its current stock price volatility and ongoing losses, with an important earnings report expected on February 20 that could impact its valuation [1][5]. Financial Performance - Since going public in 2021, Rivian's annual sales have increased from a few hundred million dollars to over $4.5 billion, yet it has incurred a gross loss of nearly $2 billion [2]. - Rivian has consistently generated gross losses over multiple years, raising concerns about its ability to achieve profitability, especially as it continues to lose money on every vehicle sold [3][4]. Future Plans - The company plans to launch three new vehicle models priced under $50,000 starting in 2026, which could significantly expand its sales base but will require substantial investments [4]. - Rivian's current valuation is low, trading at 3.2 times sales compared to competitors like Lucid Group and Tesla, which trade at 10 and 14 times sales, respectively [4]. Profitability Outlook - Rivian's management has expressed optimism about achieving gross profitability by the end of the fiscal year, with a recent narrowing of gross losses from $477 million to $392 million [6][8]. - The CEO has indicated a focus on driving toward profitability, with expectations of modest positive gross profit by the fourth quarter, which could dramatically improve the company's prospects [8][9].

Core Viewpoint - Rivian Automotive's stock has experienced significant volatility over the past year, influenced by both positive developments and challenges, with recent production and delivery numbers providing a bullish outlook for investors [1][2]. Group 1: Production and Delivery Performance - In the fourth quarter, Rivian produced 12,727 vehicles, a decrease of approximately 27% year-over-year, while deliveries increased by 2% to 14,183 vehicles, both figures meeting or exceeding management's estimates [4]. - For the entire year, Rivian produced just under 49,500 vehicles and delivered just over 51,500, with guidance for production set at 47,000 to 49,000 vehicles and deliveries at 50,500 to 52,000 vehicles [4]. Group 2: Supply Chain and Growth Potential - Management has indicated that the supply chain disruption is officially resolved, removing the previous constraints on production, which opens up growth opportunities for 2025, contingent on demand [6]. - The production and delivery levels are expected to modestly support gross margins during the fourth quarter, as more vehicles are processed through the assembly plant at lower fixed costs, which is positive for investor sentiment [7]. Group 3: Investment Considerations - Rivian's stock may be too speculative and volatile for conservative investors, suggesting it should only represent a small portion of any investment portfolio [8]. - Despite challenges, Rivian has secured significant partnerships, such as the joint venture with Volkswagen and a Department of Energy loan, indicating potential for future growth, although 2025 may lack immediate catalysts with no vehicle launches until 2026 [9]. - The upcoming fourth-quarter conference call on February 20 will provide insights into management's expectations for future deliveries, which could influence investor sentiment [10].