Rivian Automotive, Inc. Class A (RIVN)

Rivian's stock has experienced volatility, including a rally in November-December 2025, followed by a UBS downgrade in January 2026 due to concerns about free cash flow burn and R2 expectations. Declining deliveries in late 2025 and early 2026 contributed to a stock retreat. In early February 2026, Rivian shares experienced a nine-consecutive-trading-session losing streak, but rebounded on February 6, 2026. Rivian reported Q3 2025 earnings on November 4, beating analyst consensus estimates for EPS and revenue. However, in October 2024, the company had cut its annual production guidance due to a parts shortage, which impacted the stock.

Rivian's product demand exhibits seasonality, with the beginning of each year typically experiencing weakness. In January 2026, U.S. sales fell to a three-year low, dropping 30.2% compared to December, partly due to this seasonal weakness. The expiration of the $7,500 EV Tax Credit in September 2025 also impacted demand for its R1 models.

Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company focused on the premium adventure vehicle segment. The company designs, develops, manufactures, and sells electric vehicles and related accessories, including the R1T, R1S, Electric Delivery Van (EDV), software and services, charging infrastructure, and FleetOS. These vehicles are built on Rivian's proprietary 'skateboard' platform.

Rivian's operations span North America and Europe. Its headquarters are in Irvine, California, and its main manufacturing plant is in Normal, Illinois. A second manufacturing facility is under construction in Social Circle, Georgia, projected to come online in 2028. Other key facilities and offices are located in California, Michigan, Arizona, Canada, and Europe. As of December 31, 2023, Rivian held dealer licenses to sell vehicles directly in eleven U.S. states and had pending applications in two additional states and also sells its vehicles in the Canadian market.

Rivian's brand reputation has shifted from being perceived as a one-brand premium electric vehicle manufacturer to being appreciated as an industry premium multifunction electric vehicle manufacturer. The market has also recognized Rivian's in-house engineered artificial intelligence as a positive economic factor contributing to product evolution. The anticipation surrounding the launch of its mass-market R2 EV model is a significant event impacting its reputation and future outlook. Declining delivery figures and stock volatility could pose challenges to maintaining a strong brand perception.

Rivian Automotive, Inc. has a significant institutional ownership base, with institutional investors holding the majority of shares. Major institutional and corporate owners include Amazon.com, Inc., Porsche Automobil Holding SE, Abdul Latif Jameel IPR Company Limited, The Vanguard Group, Inc., BlackRock, Inc., Baillie Gifford & Co., State Street Global Advisors, Inc., Capital International Investors, Two Sigma Investments, LP and Geode Capital Management, LLC. Public companies and individual investors collectively own 79.77% of RIVN, with ETFs, mutual funds, insiders, and other institutional investors holding the remainder.