Workflow
Why Rivian stock is skyrocketing
RIVNRivian Automotive(RIVN) Finbold·2025-01-04 09:32

Stock Performance - Rivian's stock price closed at 1638,markinga245616 38, marking a 24 56% gain for the day and a 23 52% rally in the first four days of 2025 [2] - Despite the recent rally, Rivian's stock has dropped more than 15% over the past year [2] Delivery and Production Metrics - Rivian delivered 14,183 vehicles in Q4 2024, exceeding the forecasted 13,500 [4] - For the full year 2024, Rivian delivered 51,579 vehicles, surpassing the previous year's figure of 50,122 [4] - Rivian manufactured 12,727 vehicles in Q4 2024, with the annual total reaching 49,476, falling short of the revised 2024 production target of 57,000 units [5] Strategic Developments - Rivian announced a 5 8 billion joint venture with Volkswagen to develop new EV architectures and software [6] - The company is working on two new models, the R2 and R3, with deliveries of the R2 expected in the first half of 2026 [7] - Rivian is expanding its charging network, including the new Joshua Tree Charging Outpost in California, which features 12 high-speed chargers and various amenities [8] Analyst Sentiment - Truist lowered its price target for Rivian from 16to16 to 12, citing production challenges and missed delivery targets [9] - Mizuho adjusted its target from 15to15 to 12, noting U S EV demand challenges but expressing optimism about Rivian's long-term prospects [9] - Guggenheim reduced its target from 21to21 to 18 but maintained a 'Buy' rating, highlighting ongoing supplier issues [10]