RIVIAN AUTOMOTIVE, INC.

(RIVN)
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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
28.92 USD   -2.33%
05/19Lucid Group, Rivian Stock Rises Along With Other EV Names in Thursday Afternoon Trading
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05/17Morgan Stanley Cuts Price Target on Rivian Automotive to $60 From $85, Citing Lower Growth, Higher WACC Assumption; Overweight Rating Kept
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05/17MARKETSCREENER'S WORLD PRESS REVIEW : May 17, 2022
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Ford sells shares in EV maker Rivian for $188.2 million

05/13/2022 | 11:06pm EDT
Startup Rivian Automotive's electric vehicle factory in Normal

(Reuters) - Ford Motor Co sold 7 million shares of electric carmaker Rivian Automotive Inc for about $188.2 million, or $26.88 apiece, the U.S. automaker said in a filing on Friday.

Ford now holds 86.9 million shares in the California-headquartered company.

Rivian is struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.

The electric-car maker earlier slashed its planned 2022 production in half to 25,000 vehicles.

On Tuesday, Ford had sold about 8 million shares of Rivian worth $214 million.

Rivian shares closed at $26.70 on Friday.

(Reporting by Shivani Tanna in Bengaluru; Editing by Himani Sarkar)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -2.72% 12.5 Delayed Quote.-39.82%
RIVIAN AUTOMOTIVE, INC. -2.33% 28.92 Delayed Quote.-72.11%
All news about RIVIAN AUTOMOTIVE, INC.
05/19Lucid Group, Rivian Stock Rises Along With Other EV Names in Thursday Afternoon Trading
MT
05/17Morgan Stanley Cuts Price Target on Rivian Automotive to $60 From $85, Citing Lower Gro..
MT
05/17MARKETSCREENER'S WORLD PRESS REVIEW : May 17, 2022
05/16Tiger Global raised stakes in some tech names battered by year's rout -filing
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05/16Rivian Automotive Falls on Monday Afternoon After Ford Discloses Sale of 7 Million Shar..
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05/16RIVIAN AUTOMOTIVE SAYS DISPUTE WITH : Wsj
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Analyst Recommendations on RIVIAN AUTOMOTIVE, INC.
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Financials (USD)
Sales 2022 1 832 M - -
Net income 2022 -6 027 M - -
Net cash 2022 9 798 M - -
P/E ratio 2022 -4,25x
Yield 2022 -
Capitalization 26 047 M 26 047 M -
EV / Sales 2022 8,87x
EV / Sales 2023 3,24x
Nbr of Employees 10 422
Free-Float 82,4%
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Technical analysis trends RIVIAN AUTOMOTIVE, INC.
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 28,92 $
Average target price 59,88 $
Spread / Average Target 107%
EPS Revisions
Managers and Directors
Robert Joseph Scaringe Chairman & Chief Executive Officer
Claire McDonough Chief Financial Officer
Nick Kalayjian EVP-Engineering, Product Development & Programs
Karen Boone Lead Independent Director
Sanford H. Schwartz Independent Director
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