Rivian
Rivian
CEO: Robert Scaringe
Location: Florida, USA
Founded in 2009
IPO: 2021 @ 74 USD
Industry: EV
EV is an unsaturated market led by Tesla. That means there is lots of room for growth where multiple winners can shine.
Rivian is attractive because Robert, the founder, has a doctorate in mechanical engineering. He has been able to raise $12 billion from nothing. This money is going to be used to build new manufacturing facilities in the US. Moreover, Rivian is backed by two high-profile giants. Ford held a 13% stake, and Amazon a 20% stake.
Products:
1. R1T (truck) @ 70,000 plus add-ons
2. R1S (SUV) @ 70,000 plus add-ons
Strength
- Founder has a doctorate in mechanical eng. and is a fresh blood
- High quality products
-$12 billion in offering
Weakness
- Start-up
- No sales yet
- Battery production is outsourced
Opportunity
- Biggest IPO ever
- Unsaturated market
- Giants support
Threat
- Huge valuation
- No 10k available for analysis
CEO: Robert Scaringe
Location: Florida, USA
Founded in 2009
IPO: 2021 @ 74 USD
Industry: EV
EV is an unsaturated market led by Tesla. That means there is lots of room for growth where multiple winners can shine.
Rivian is attractive because Robert, the founder, has a doctorate in mechanical engineering. He has been able to raise $12 billion from nothing. This money is going to be used to build new manufacturing facilities in the US. Moreover, Rivian is backed by two high-profile giants. Ford held a 13% stake, and Amazon a 20% stake.
Products:
1. R1T (truck) @ 70,000 plus add-ons
2. R1S (SUV) @ 70,000 plus add-ons
Strength
- Founder has a doctorate in mechanical eng. and is a fresh blood
- High quality products
-$12 billion in offering
Weakness
- Start-up
- No sales yet
- Battery production is outsourced
Opportunity
- Biggest IPO ever
- Unsaturated market
- Giants support
Threat
- Huge valuation
- No 10k available for analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.