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Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. [6]
In November 2021, Rivian went public, listing its shares on the Nasdaq. [19] Scaringe is chairman of the board and has 9.5% voting power. Additionally, he has veto power over board decisions due to his 100% ownership of the company's class B shares. [20] In total, Scaringe owns about 1.4% of Rivian. [15]
Since a simple investment in a low-fee S&P 500 index fund is best for many, if not most, people, how would you have done plunking that $1,000 in the S&P 500 instead of investing in Rivian? Well ...
In 2024 alone, Rivian shares have lost roughly half their value and are dangerously close to falling below $10 per share. If you're willing to take on extra risk for the chance to make 1,000% or ...
The Rivian R1S is an all-electric seven passenger, mid-size, [6] off-road SUV manufactured by Rivian. Customer deliveries started in 2022, [ 7 ] [ 8 ] after 10 years under development. [ 2 ] Depending on the configuration, it has either two or four electric motors .
Rivian announced Wednesday that it will lay off 10% of its salaried workers beginning Thursday morning, amid a quarterly loss and an increasingly competitive EV market.
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The Rivian R1T was initially offered with three different batteries sized 105 kWh ("Standard"), 135 kWh ("Large"), and 180 kWh ("Max") of energy storage. [13] Rivian R1T has an estimated range of 230 mi (370 km) with the smallest battery, 314 mi (505 km) for the medium battery, and over 400 mi (640 km) for the largest battery. [20]