Rivian (NASDAQ: RIVN), a producer of electric vehicles, went public at $78 on Nov. 10, 2021. Today, its stock trades at $15. It initially attracted a lot of attention because it already delivered its first vehicles, and its top investors were Amazon (NASDAQ: AMZN) and Ford (NYSE: F). However, Rivian lost its luster after missing ambitious production targets, incurring steep losses, and failing to justify its sky-high valuations. Ford also scrapped its plans to co-develop an electric pickup with Rivian and ...

Core Insights - General Motors (GM) is experiencing significant issues with its L87 6.2L V8 engine, which has led to federal safety regulators and vehicle owners raising concerns about engine failures even after a recall fix [1][10] Recall Details - In April 2025, GM recalled approximately 721,000 vehicles globally due to engine issues, with nearly 600,000 of these vehicles in the U.S. equipped with the problematic L87 engine [2] - The recall aimed to address serious internal issues, including manufacturing defects in connecting rods and crankshafts that could lead to engine seizure [3] - The remedy involved a two-step process where technicians inspected the engine and replaced it if damaged, or drained and refilled the oil with thicker 0W-40 oil if no damage was found [4] Ongoing Issues - As of January 2026, 36 vehicle owners reported engine failures despite having their vehicles inspected and fixed under the recall [5] - The National Highway Traffic Safety Administration (NHTSA) has opened a recall query (RQ26001) to investigate the adequacy of the previous solution and assess reports of sudden engine failures [6][7] Legal and Regulatory Pressure - A class-action lawsuit has been filed against GM, claiming that the recall caused confusion and that the fix may not be sufficient to prevent future problems [7] - The ongoing failures of the L87 engine have raised serious questions about the effectiveness of GM's remedy, increasing pressure on the company to provide a permanent solution [7] Competitive Context - Rivian Automotive is recalling 19,641 R1 vehicles for a rear suspension issue, while Ford has recalled over 272,000 hybrid and EVs due to a software issue affecting the Integrated Parking Module [8][9] Stock Performance - GM shares have increased by 51.9% over the past six months, outperforming the industry growth of 33.6% [13] - GM currently trades at a forward price-to-sales ratio of 0.41X, which is lower than both the industry average and its own five-year average, and holds a Value Score of A [14]

Key Takeaways RIVN shares climbed 30.9% in three months, far outpacing industry and sector gains.Rivian's deliveries fell to 42,247 in 2025 as production also declined year over year.RIVN cash flows face pressure from heavy capex, R2 inventory buildup, and potential tariff exposure.Shares of Rivian Automotive (RIVN) have climbed 30.9% in the past three months compared with the industry and sector’s growth of 2.7% and 3.4%, respectively. Its peers, Tesla (TSLA) and Lucid Group (LCID) , have lost 0.2% and 48. ...

Core Viewpoint - Rivian's stock price dropped over 7% to $17.48 following UBS's downgrade of the company's rating from "Neutral" to "Sell" and setting a target price of $15, citing overly optimistic expectations surrounding AI and the upcoming R2 model that are unlikely to be met [1] Group 1: Rating and Price Target - UBS has downgraded Rivian's rating from "Neutral" to "Sell" [1] - A target price of $15 has been established by UBS for Rivian [1] - The recent stock price increase is attributed to inflated expectations regarding AI and the R2 model [1] Group 2: Delivery Forecast - UBS predicts that Rivian will deliver approximately 10,600 units of the R2 model by 2026 [1] - This forecast is significantly lower than the market consensus of 13,600 units [1] Group 3: Recall Announcement - Rivian announced a recall of 19,641 units of the 2022 to 2025 R1T pickup and R1S SUV models [1] - The recall is due to the use of incorrect procedures during maintenance, which could lead to the separation of rear suspension components while driving, increasing the risk of collision [1]

美国电动车制造商Rivian(RIVN.US)盘前跌超3%，报18.22美元。消息面上，Rivian近日宣布召回部分 2022至2025年款R1T皮卡和R1S SUV，共计19,641辆，原因是在维修过程中长期使用错误的作业流程， 导致车辆后悬架部件可能在行驶中分离，增加碰撞风险。随后，Wolfe Research将Rivian的评级从与"与 同行持平"下调至"跑输大市"，维持16美元的目标价。(格隆汇) ...

Core Insights - Rivian Automotive, Inc. is recalling 19,641 R1 vehicles due to a rear suspension issue that may have resulted from improper reassembly during prior service [1][8] Group 1: Recall Details - The recall affects specific R1 models from the 2022-2025 model years, including 7,031 R1S SUVs and 12,610 R1T pickup trucks [2] - Rivian will replace the rear toe link bolts at no cost to the vehicle owners [2] - The outdated service procedure used from April 1, 2022, to March 10, 2025, may lead to toe link separation, increasing the risk of a crash [3][8] Group 2: Incident Reports - As of the filing date, there has been one reported incident related to this issue, which involved a single-vehicle crash resulting in minor injuries [3] Group 3: Repair and Notification - Rivian plans to repair the affected vehicles using an updated service process, with owner notifications scheduled to begin on February 24, 2026 [4] Group 4: Market Performance - Rivian has outperformed the Zacks Automotive-Domestic industry over the past six months, with RIVN shares gaining 50.7% compared to the industry's 40% growth [7] Group 5: Financial Estimates - The Zacks Consensus Estimate for 2025 loss per share has widened by 2 cents in the past 30 days, while the estimate for 2026 loss per share has widened by a penny in the past week [10] - Rivian appears overvalued based on its price/sales ratio, trading at a forward sales multiple of 3.46, above the industry's 3.35 [11]

Core Insights - Rivian Automotive is recalling nearly 20,000 units of its R1S and R1T electric vehicles in the U.S. due to an issue with toe links, with the National Highway Traffic Safety Administration overseeing the recall process [1][2] - The recall is prompted by a risk associated with earlier service procedures, despite only one incident reported, leading to potential financial implications for the company [2] - Rivian has a market capitalization of $23.5 billion and emphasizes vertical integration by producing its own motors, batteries, and software [3][4] Company Operations - Rivian specializes in designing, developing, and manufacturing premium electric vehicles, with its primary production facility located in Normal, Illinois [3] - The company is focused on sustainability and adventure, producing flagship models like the R1T electric pickup truck and R1S SUV [3] - Rivian is also building commercial fleets, notably for Amazon, and plans to open a second U.S. plant in Georgia to enhance production capacity [4] Financial Performance - RIVN stock has performed well, gaining 38% over the past 52 weeks and 47% over the last six months, although it is currently down 15% from its 52-week high of $22.69 [5][6] - The stock's solid performance is attributed to optimism surrounding the upcoming launch of the R2 vehicle and a joint venture with Volkswagen valued at $5.8 billion [5] - Rivian received a $1 billion equity tranche from Volkswagen in June 2025 as part of this partnership [5]

Core Insights - Rivian Automotive, Inc. delivered 42,247 vehicles in 2025, a decrease from 51,579 in 2024, with production totaling 42,284 units compared to 49,476 the previous year [1][8] - The broader auto industry is facing slowing EV demand, influenced by the expiration of a $7,500 U.S. tax credit, which has raised vehicle prices and raised concerns about sustaining demand as production scales [2] - Rivian plans to introduce the R2 model, which is expected to be significantly cheaper than the R1T and R1S, aiming to penetrate the mass market while maintaining core design and performance [3] - Initial deliveries of the R2 are expected in the first half of 2026, with production ramping up in the latter half of the year, targeting an annual capacity of about 215,000 units by late 2026 and into 2027 [4] Industry Comparisons - Tesla reported deliveries of over 418,000 vehicles in Q4 2025, down from over 495,000 in Q4 2024, with full-year deliveries at over 1,635,000 compared to more than 1,789,000 in 2024 [5] - BYD delivered 4.6 million vehicles in 2025, a 7.7% increase from 2024, with sales evenly split between fully electric vehicles and plug-in hybrids [6] Performance and Valuation - Rivian's stock has outperformed the Zacks Automotive-Domestic industry over the past six months, with a gain of 52.2% compared to the industry's 46.4% [7] - Rivian appears overvalued based on its price/sales ratio, trading at a forward sales multiple of 3.52, above the industry's 3.3 [9] - The Zacks Consensus Estimate for Rivian's loss per share for 2025 and 2026 has seen minor adjustments, with a narrowing of one cent for 2025 and a widening of 11 cents for 2026 [10]

Core Insights - Rivian, once a leading electric vehicle (EV) IPO in 2021, has seen its stock price decline significantly from a peak market capitalization of $153.3 billion to approximately $21.5 billion today, reflecting a drastic reduction in valuation from 92 times its 2022 revenue to just three times its expected 2026 revenue [2][6] Production and Deliveries - Rivian produces three types of EVs: the R1T pickup truck, the R1S SUV, and custom electric delivery vans (EDVs) for Amazon and other companies [4] - In 2022, Rivian produced only 24,337 vehicles due to supply chain issues and competition, falling short of its initial goal of 50,000 vehicles [6] - In 2023, production increased to 57,232 vehicles, but the company faced another slowdown in 2024 and 2025, with expected production of 49,476 and 31,310 vehicles respectively [7] Financial Performance - Rivian's revenue grew from $1.66 billion in 2022 to $4.43 billion in 2023, with projections of $4.97 billion in 2024 and $4.10 billion in the first nine months of 2025 [7] - The company is expected to narrow its net loss from $6.75 billion in 2024 to $3.82 billion in 2025, driven by increased sales and regulatory credits [8] Future Projections - Analysts predict Rivian's revenue will rise to $6.87 billion in 2026, with a net loss of $3.66 billion, contingent on the successful launch of the R2 SUV [9] - By 2027, revenue could surge to $11.37 billion, assuming successful scaling of R2 production and increased EDV deliveries [9] Stock Outlook - Rivian has approximately $7.7 billion in liquidity, which it believes is sufficient to support the R2 production ramp-up [10] - If the R2 launch is successful and meets revenue targets, Rivian's stock could potentially rise by over 160% in the next 12 months [10]

Core Insights - Rivian is developing its own AI assistant, which is separate from its multi-billion dollar technology joint venture with Volkswagen [1][12] - The company aims to launch the AI assistant by the end of the year, with more details expected during its AI and Autonomy day on December 11 [2] - Rivian's approach to AI development reflects the rapid advancements in foundational AI technologies by major tech companies and startups [3] Development and Integration - The AI assistant is not a simple chatbot; it is designed to integrate with all vehicle controls and has undergone significant development [4] - Rivian's AI architecture is model and platform agnostic, focusing on software layers that coordinate workflows and control logic [5][6] - The in-house AI assistant program aligns with Rivian's strategy to enhance vertical integration, as seen in the overhaul of its R1T truck and R1S SUV [6] Technical Specifications - The AI assistant will utilize a hybrid software stack that combines edge AI for on-device tasks and cloud AI for more complex computations [10] - Rivian has developed much of the AI software stack internally, including custom models and an orchestration layer to ensure seamless operation of various AI models [11] - The current focus of the joint venture with Volkswagen is on electrical architecture and infotainment, not on AI or automated driving [12][13]