Rivian Automotive, Inc. (NASDAQ: RIVN) is an American company specializing in the development and production of electric vehicles (EVs) and related accessories. The company is dedicated to accelerating the global transition to zero-emission transportation by offering innovative, sustainable products designed for both consumer and commercial use. Rivian sells its vehicles directly to customers and provides a full suite of lifecycle services, including maintenance, repairs, and charging solutions.
- Consumer Vehicles - Manufactures electric vehicles for individual customers, including the R1T (electric pickup truck) and R1S (electric SUV), designed for adventure and utility.
- Commercial Vehicles - Produces electric delivery vans (EDVs) for commercial clients, supporting fleet electrification and sustainability goals.
- Lifecycle Services - Offers comprehensive services for vehicle maintenance, repairs, and charging infrastructure to enhance customer experience and vehicle longevity.
- Regulatory Credit Sales - Generates revenue through the sale of environmental regulatory credits, supporting the company's sustainability initiatives.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Robert J. Scaringe ExecutiveBoard | CEO and Chairman of the Board | Director of Forever by Rivian, Inc.; Trustee of the Rivian Foundation | Founder of Rivian, instrumental in its growth and innovation in the EV sector. Holds a B.S. from Rensselaer Polytechnic Institute and an M.S. and Ph.D. from MIT. | View Report → |
Claire McDonough Executive | Chief Financial Officer | None | Joined Rivian in January 2021, previously Managing Director at J.P. Morgan. Holds significant experience in finance and strategy. | |
Dagan Mishoulam Executive | Senior Vice President, Commercial | None | Assumed responsibilities following the resignation of Dr. Kjell Gruner. Has played an integral role at Rivian for several years. | |
Jay Flatley Board | Director | Chairman of Cellanome, Wellcome Leap Fund, Iridia, Inc.; Board member of Denali Therapeutics; Trustee of The Salk Institute | Former CEO of Illumina, with a strong background in biotechnology and innovation. | |
John Krafcik Board | Director | Supervisory board member at Daimler Truck AG | Former CEO of Waymo, with extensive leadership experience in the automotive industry. | |
Karen Boone Board | Director | Director at Sonos, Inc. and Peloton Interactive, Inc. | Lead Independent Director since November 2021, with a background in finance and leadership roles at Restoration Hardware and Deloitte. | |
Peter Krawiec Board | Director | Senior Vice President of Worldwide Corporate and Business Development at Amazon | Extensive experience in strategic acquisitions and partnerships. Has held various roles at Amazon since 2004. | |
Rose Marcario Board | Director | Trustee of the Rivian Foundation; Board member of Meati, Inc. | Former CEO of Patagonia, with extensive management experience in private equity, technology, and retail industries. | |
Sanford Schwartz Board | Director | CEO of the Cox Family Office; Board memberships at A.C. Green Youth Foundation, Northwood University, Axios, Checkered Flag Foundation | Former President and CEO of Cox Automotive Inc., with extensive leadership experience in the automotive industry. |
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Given the supply constraints with the Enduro motor that significantly impacted your Q3 production, can you elaborate on the specific steps you're taking to resolve these issues and how you plan to prevent similar supply disruptions in the future?
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With the challenging consumer environment and the end of early preorder pricing volumes affecting demand for R1 vehicles in Q3, what strategies are you implementing to stimulate demand and adjust to the changing market conditions?
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Considering the importance of the R2 program for your future profitability, can you discuss any risks associated with the R2 production timeline, especially with the planned production shutdown in 2025 for plant preparations, and how you intend to mitigate them?
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You have increased your regulatory credit sales outlook to approximately $300 million for 2024; how sustainable is this revenue stream going forward, and what measures are you taking to offset potential declines in regulatory credit sales in future years?
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With the joint venture with Volkswagen yet to close and specifics not fully announced, how confident are you in achieving the expected proceeds and benefits, and what impact would potential delays or changes in this partnership have on your capital roadmap and plans to reach free cash flow positive?
Research analysts who have asked questions during Rivian Automotive, Inc. / DE earnings calls.
Adam Jonas
Morgan Stanley
4 questions for RIVN
Dan Levy
Barclays PLC
4 questions for RIVN
George Gianarikas
Canaccord Genuity
4 questions for RIVN
Mark Delaney
The Goldman Sachs Group, Inc.
4 questions for RIVN
Joseph Spak
UBS Group AG
3 questions for RIVN
Edison Yu
Deutsche Bank
2 questions for RIVN
Emmanuel Rosner
Wolfe Research
2 questions for RIVN
Shreyas Patil
Wolfe Research, LLC
2 questions for RIVN
Alex Potter
Piper Sandler & Co.
1 question for RIVN
Andres Sheppard
Cantor Fitzgerald
1 question for RIVN
Ben Kallo
Robert W. Baird & Co.
1 question for RIVN
Itay Michaeli
TD Cowen
1 question for RIVN
John Murphy
Bank of America
1 question for RIVN
Michael Shlisky
D.A. Davidson
1 question for RIVN
Philippe Houchois
Jefferies
1 question for RIVN
Ronald Jewsikow
Guggenheim Partners
1 question for RIVN
Ron Jewsikow
Guggenheim Securities, LLC
1 question for RIVN
Tom Narayan
RBC Capital Markets
1 question for RIVN
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Amazon Logistics, Inc. | Major commercial partner focusing on electric last-mile delivery vehicles | All | A large portion of RIVN’s revenues comes from Amazon (exact percentage not disclosed). Amazon beneficially owns 13.5% of RIVN’s voting power as of December 31, 2024. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Iternio | 2023 | In Q2 2023, Rivian acquired Iternio, the developer behind the 'A Better Routeplanner' (ABRP) app to enhance its in-vehicle and mobile charging navigation, while also maintaining the app as a stand-alone service for all electric vehicle drivers. |
Immaterial acquired company | 2023 | On January 23, 2023, Rivian completed an immaterial acquisition by issuing 239,884 shares of Class A common stock valued at approximately $2 million, relying on exemptions under Section 4(a)(2) of the Securities Act and Regulation S. |
Recent press releases and 8-K filings for RIVN.
- Rivian Automotive, Inc. produced 10,720 vehicles and delivered 13,201 vehicles during the third quarter ending September 30, 2025.
- The company has narrowed its 2025 delivery guidance range to 41,500 to 43,500 vehicles.
- Rivian will release its third quarter 2025 financial results on November 4, 2025, after market close, and will host an audio webcast on the same day.
- Rivian is prioritizing the R2 program, a five-passenger SUV priced from $45,000, with manufacturing validation builds at its Normal, Illinois facility expected by the end of 2025.
- The company has transitioned to an in-house, AI-centric autonomy platform (Gen 2), which will enable hands-free everywhere driving features in 2026, with further advancements planned for 2027 and 2028.
- Rivian has a $5.8 billion deal to license its network architecture and operating system to Volkswagen Group, with the first product featuring this technology being Volkswagen's ID.1.
- The company anticipates some impact on demand in Q4 2025 due to the removal of greenhouse gas credits and the $7,500 consumer tax credit.
- Rivian's R2 program is a key focus, with the five-passenger SUV priced from $45,000. Manufacturing validation builds are planned for later this year (2025) at the Normal, Illinois facility, with production ramping in 2026 and 2027.
- The company is heavily investing in autonomy, planning to expand its hands-free highway self-driving feature to hands-free everywhere in 2026, with eyes-off capabilities to follow, aiming for these features to be a significant purchase consideration by 2027 and 2028.
- Rivian is navigating market changes, including the removal of regulatory credits and the $7,500 consumer tax credit expiring after September 30, 2025, which are expected to create short-term headwinds but also reduce artificial pricing in the EV market.
- The $5.8 billion deal with Volkswagen Group to license Rivian's technology is progressing, with the first product, the ID.1 ($22,000 vehicle), already incorporating Rivian's platform.
- Rivian's R2 program is a significant focus, with the $45,000 five-passenger SUV benefiting from cost optimization and new technology. Manufacturing validation builds are planned for later this year at the Normal, Illinois facility, which has been expanded by 2.1 million sq ft.
- Rivian is heavily investing in its in-house, AI-centric autonomy platform, transitioning from a rules-based system to an end-to-end approach. The company plans to expand hands-free driving to "hands-free everywhere" soon and "hands-free, eyes off" with turn-by-turn navigation next year. An Autonomy Day is scheduled for the end of this year to showcase progress.
- Rivian has a $5.8 billion deal with Volkswagen Group to license its network architecture, VCUs, and operating system, with the VW ID.1 ($22,000 vehicle) being one of the first products to use this technology. This partnership demonstrates Rivian's capability as a technology provider.
- The company is navigating the removal of regulatory credits and the $7,500 consumer tax credit after September 30th, which is expected to create short-term headwinds but also a less competitive pricing environment as artificial incentives disappear. The R2 is viewed as crucial for expanding electric vehicle choice in the U.S. market.
- Rivian's R2, a five-passenger SUV priced from $45,000, is a key program with manufacturing validation builds expected by the end of 2025 at the Normal, Illinois facility. Production at the Georgia plant is anticipated in approximately two years from its upcoming groundbreaking.
- The company has brought its autonomy platform in-house, launching its Gen 2 architecture in mid-2024, and plans to expand its hands-free self-driving feature to hands-free everywhere in 2026. Rivian will host an Autonomy Day at the end of this year to showcase details and demos.
- Rivian licensed its technology platform to Volkswagen Group in a $5.8 billion deal, with the $22,000 ID.1 being one of the first vehicles to incorporate this technology.
- The company faces short-term headwinds from the removal of regulatory and consumer tax credits, which may impact Q4 sales due to demand pulled forward into Q3.
- Rivian is highly focused on its R2 program, a five-passenger SUV priced from $45,000, with manufacturing validation builds expected by the end of 2025 at its Normal, Illinois facility.
- The company is rapidly developing its in-house autonomy platform, planning to expand hands-free driving to "everywhere" and then "eyes-off" in 2026, with an Autonomy Day scheduled for the end of 2025 to demonstrate progress.
- Rivian has licensed its technology platform to Volkswagen Group, with the $22,000 ID.1 being the first product to utilize this technology, showcasing the scalability of Rivian's architecture.
- Short-term headwinds include the removal of greenhouse gas credits and the $7,500 consumer tax credit expiring after September 30, which is projected to impact Q4 sales due to demand pulled into Q3.
- Rivian and its peers are experiencing a significant $100 million revenue shortfall due to the suspension of regulatory credit issuance by the National Highway Traffic Safety Administration (NHTSA).
- This shortfall stems from the Trump administration's rollback of fuel economy rules, which led NHTSA to halt the paperwork required for finalizing credit sales, disrupting a key revenue stream for EV companies.
- Rivian's CEO, RJ Scaringe, has also warned that production costs could increase by a couple thousand dollars per vehicle due to tariffs enforced under new trade policies.
- The Zero Emission Transportation Association has petitioned the U.S. Court of Appeals to urge NHTSA to resume issuing compliance letters, as these credits have historically helped offset financial challenges for the zero emission transportation sector.
- Rivian plans to open a new East Coast headquarters in Atlanta, Georgia, by late 2025, expanding to employ up to 500 people by 2026.
- This move complements plans for a $6 billion manufacturing facility in Georgia, expected to create approximately 7,500 jobs and produce R2 and R3 models starting in 2028, despite previous construction pauses due to state incentive disputes.
- In Q4 2024, Rivian reported a gross profit of $170 million, having produced 49,476 vehicles and delivered 51,579 vehicles in 2024.
- At its June 18, 2025 Annual Meeting, Rivian stockholders approved amendments raising authorized Class A common stock from 3.5 billion to 5.25 billion shares, boosting total common shares to 5.257825 billion; the changes became effective upon filing on June 20, 2025.
- The amendments added officer exculpation for breaches of fiduciary duty to the fullest extent permitted under Delaware law and clarified application of Section 242(d)(2) Delaware voting standards for future share-authorizations.
- Rivian filed a Restated Certificate of Incorporation on June 20, 2025 to integrate these changes, including exculpation of directors and officers and enhanced forum-selection provisions.
- Shareholders approved election of Class I directors, ratification of KPMG, an advisory vote on 2024 executive compensation, issuance of Class A shares to Volkswagen, and amendments to the certificate of incorporation.
- R2 launch is expected in H1 2026 with a starting price of $45,000, targeting a broader market.
- Joint venture with Volkswagen validates Rivian’s software and electrical architecture, with planned rollout across multiple product segments.
- Service and charging infrastructure includes 74 service centers, over 500 mobile service vehicles, and the Rivian Adventure Network with over 700 high-speed chargers achieving over 98% uptime.