Shares of Rivian tumbled 7% Friday after the electric-vehicle maker reported lackluster quarterly earnings and warned that supply chain issues would limit vehicle production in 2022, but despite struggling since going public last year, analysts still love the stock and remain optimistic about a rebound.
Similarly, Why is Rivian stock dropping?
Rivian Automotive (NASDAQ:RIVN) fell sharply after the electric vehicle maker increased prices of its vehicles by about 20% due to inflationary pressures and higher component costs.
Who bought Rivian stock? The Rivian position was valued at about $2 billion when George Soros‘ firm bought it, but is now worth about $1.2 billion. Iconic investor George Soros’ investment company Soros Fund Management snapped up almost 20 million shares of electric vehicle company Rivian Automotive (RIVN) – Get Rivian Automotive, Inc.
Thereof, Why is Rivian stocking today?
Rivian (NASDAQ:RIVN) stock fell more than 10% this morning after the company missed Wall Street’s fourth-quarter earnings expectations and lowered its vehicle production targets. As a result, Rivian stock hit a new 52-week low of right around $38. This comes as shares have shed more than 60% in the year to date.
Why is Rivian priced so high?
Inflation, rising interest rates, and the Russian-Ukraine conflict have sapped some investors’ willingness to hold richly valued growth stocks. Rivian stock qualifies as one of those. Rivian’s market capitalization is $56 billion, about 19 times estimated 2022 sales of roughly $3 billion.
Who bought Rivian stock?
Billionaire investor George Soros bought nearly 20 million shares of Rivian stock worth $2 billion in the quarter ended Dec. 31, 2021, according to a Feb. 11, 2022, financial filing. The purchase makes Soros Fund Management one of Rivian’s top investors.
Is Rivian owned by Ford?
Ford, which has invested a total of $1.2 billion in Rivian since early 2019, has a 12% stake that the company has said was valued at more than $10 billion in early December.
Can Ford sell Rivian shares?
Ford CEO Jim Farley says there are no plans to sell their stake in Rivian.
Who is Rivian backed by?
Rivian is backed by Amazon.com Inc. and Ford Motor Co., and recently began selling its first all-electric pickup truck—a model that targets well-established names such as the Ford F-150 and General Motors Co.’s Chevrolet Silverado.
Is Rivian a Chinese company?
U.S. Rivian Automotive, Inc. is an American electric vehicle automaker and automotive technology company founded in 2009.
How do I buy stock in Rivian IPO?
How to buy shares in Rivian
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. …
- Purchase now or later. …
- Check in on your investment.
Will Rivian stock pay dividends?
RIVN is not currently paying a regular dividend.
Is Rivian a meme stock?
Given this backdrop, popular meme stocks in the EV industry, Rivian (RIVN), Lucid Group (LCID), NIO (NIO), and Nikola (NKLA), are in danger from a potential retracement in early 2022.
Who is behind Rivian?
2021 Forbes 400 NET WORTH
RJ Scaringe founded and runs electric car maker Rivian Automotive, which listed its shares on the Nasdaq exchange in November 2021. In 2009, Scaringe founded the car company that became Rivian Automotive with a goal to build vehicles that are rugged, luxurious and battery powered.
Who makes rivian R1T pickup?
| Rivian R1T | |
|---|---|
| Manufacturer | Rivian |
| Production | 2021–present |
| Model years | 2022–present |
| Assembly | Normal, Illinois ( Rivian Automotive llc ) |
Is Rivian funded by George Soros?
Rivian is backed by a long list of institutional investors and Wall Street stalwarts, including Soros Fund Management. The firm — which also participated in several private funding rounds before the IPO — owns more than 2% of Rivian’s shares outstanding, according to data compiled by Bloomberg.
Does George Soros own Rivian?
George Soros recently bought shares of Rivian Automotive Inc. (RIVN).
Did George Soros buy Rivian stock?
Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive in the quarter ended December 31, 2021, securities filings showed Friday.
Who are the major shareholders in Rivian?
Top 10 Owners of Rivian Automotive Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Capital Research & Management Co…. | 2.89% | 25,755,740 |
| BlackRock Investment Management L… | 2.50% | 22,296,818 |
| Soros Fund Management LLC | 2.22% | 19,835,761 |
| D1 Capital Partners LP | 1.75% | 15,590,987 |
Is Rivian publicly traded?
Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history. Rivian shares started trading on the Nasdaq stock exchange Wednesday at around $78 per share.
Who are the major investors in Rivian?
3 Investors Weigh In on the Rivian IPO
- Rachel Warren: Electric vehicle start-up Rivian Automotive, made its widely anticipated public debut today at $106.75 per share. …
- Amazon owns a 20% stake in Rivian, Ford a 12% stake.
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