OK a bad sign; I see a lot of the Rivian R1 T trucks being traded in at the local Toyota dealership in Culver City. This is a really bad sign because it means that is not a good car.
my brother-in-law and sister-in-law test drove one, and said it was horrible. Also, some insider information I know for an engineer he used to work at Rivian says that it sucks. That essentially anyone who drives a Rivian truck is a “wannabe“.
Let us consider, once the cyber truck comes out, Rivian might go close to zero.
As of January 3, 2024, Rivian Automotive, Inc.’s (RIVN) stock closed at $19.77. This was after opening the day at $20.53, with the stock fluctuating between a high of $20.53 and a low of $19.70 throughout the trading day oai_citation:1,Rivian Automotive, Inc. (RIVN) Stock Historical Prices & Data – Yahoo Finance. This follows a notable drop of 10% on the first trading day of 2024, after Rivian reported lower-than-expected vehicle deliveries for the fourth quarter of the previous year. The company delivered 13,972 vehicles, which was below market expectations and marked a 10% decrease from the third quarter. Despite producing 57,232 electric vehicles in 2023, exceeding their projections, the failure to meet delivery expectations for the quarter raised concerns among investors, particularly regarding demand for their high-priced vehicles, such as the R1T pickup trucks starting at $73,000 and R1S sport utility vehicles starting at $78,000 oai_citation:2,Rivian’s stock tumbles 10% as 4Q EV deliveries disappoint Wall Street .
It’s important to note that stock prices are subject to constant change due to market conditions and investor sentiment. Therefore, for the most current information, it’s advisable to refer to a real-time financial news source or stock market tracker.
As of December 26, 2023, Rivian Automotive, Inc. (RIVN) stock price was $23.59, experiencing a 1.64% increase from the previous closing. After the market closed, the price in post-market trading was $23.70, a further increase of 0.47% oai_citation:1,Rivian Automotive, Inc. (RIVN) Stock Price, Quote, News & Analysis.
For the most current and detailed information, it’s always best to check a reliable financial news source or stock market tracker.