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Rivian Automotive Inc RIVN

Consumer Cyclical Auto Manufacturers

Rivian Automotive, Inc. is an automotive manufacturer, which is engaged in developing and building category-defining electric vehicles (EVs) and accessories. The Company’s R1 platform offers the first-generation consumer vehicles: the R1T, a two-row five-passenger pickup truck, and the R1S, a three-row seven-passenger sport utility vehicle (SUV). In the commercial market, the Company offers Rivian Commercial Vehicle (RCV) platform. The Company’s vehicle on this platform is Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon. Alongside its commercial vehicles, it offers FleetOS, its proprietary, end-to-end centralized fleet management subscription platform. It also offers a variety of services, including financing and insurance, vehicle maintenance and repair, charging and FleetOS solutions. Its value-added services include digitally enabled financing and leasing, telematics-based insurance, proactive vehicle service, software services, and more.

NDAQ:RIVN - Post by User

Rivian Automotive Inc

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Post by EquityScout411on Nov 20, 2024 3:43pm

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Post# 36322426

Awaiting Clearer Signals

At the $11.12 level, there’s a visible structure break—taking out the lower high. This suggests a chance for upward movement. There’s an uncertain confirmation at $11.84, but I see it as simple price manipulation. Waiting for clearer signals.