Rivian Automotive Intrinsic Stock Value – Rivian Automotive: A Look Ahead to 2024

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Rivian Automotive ($NASDAQ:RIVN) is a revolutionary company in the automotive industry that has made impressive strides in recent years. The company is focused on creating the future of electric mobility and has set its sights on 2024, when it intends to have made a notable impact on the industry. Rivian Automotive has already made a name for itself by introducing an all-electric pickup truck and an all-electric SUV, the R1T and R1S respectively.

Additionally, Rivian Automotive has implemented the most advanced active safety technology available, with features such as lane keeping assistance and automatic braking. In addition to its vehicles, Rivian Automotive has created a comprehensive platform that enables fleet operators to manage their entire fleet using real-time data and analytics. This platform enables fleet operators to monitor their vehicles, find efficiencies, and reduce their overall operating costs. Furthermore, Rivian Automotive is developing a network of charging stations and depots across the United States that will enable drivers to charge their vehicles quickly and conveniently. By 2024, Rivian Automotive is expected to have made considerable progress in revolutionizing the automotive industry. The company will likely have released more electric vehicles and continued to extend its reach in the electric mobility space. Additionally, it is likely to have further developed its fleet platform and charging network, making electric mobility more accessible for drivers across the United States. Ultimately, 2024 will be an exciting year for Rivian Automotive as it continues to create a more sustainable future for the automotive industry.

Stock Price

On Wednesday, RIVIAN AUTOMOTIVE stock opened at $24.0 and closed at $23.2, down by 4.8% from previous closing price of 24.4. Looking ahead to 2024, RIVIAN AUTOMOTIVE has plans to expand its production capacity and its product lineup. It is currently in the process of developing a full-size pickup truck as well as a van and an SUV.

In addition, the company is exploring new technologies, such as self-driving vehicles, which it hopes to launch by 2024. The company has recently announced partnerships with renewable energy providers, as well as initiatives to source materials responsibly. RIVIAN AUTOMOTIVE is also working to develop an electric vehicle charging network across the United States. This network will enable drivers to charge their vehicles at any charging station quickly and conveniently. With its ambitious plans for the future, RIVIAN AUTOMOTIVE is positioned to be a major player in the industry by 2024. Investors should keep an eye on the company’s progress and developments over the next few years, as it could be an interesting opportunity to consider. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rivian Automotive. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rivian Automotive. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rivian Automotive. More…

Key Ratios Snapshot

Some of the financial key ratios for Rivian Automotive are shown below. More…

Analysis – Rivian Automotive Intrinsic Stock Value

At GoodWhale we’re all about providing reliable and comprehensive financial analysis. That’s why we put together a comprehensive breakdown of RIVIAN AUTOMOTIVE’s financials. After careful examination of the company’s fundamentals, we’ve determined that the fair value of its share is around $230.8. This figure was calculated using our proprietary Valuation Line, which is based on a number of factors including the company’s financial health, expected growth, and competitive position. Currently, RIVIAN AUTOMOTIVE’s stock is being traded at $23.2, which is significantly lower than the fair value. This means that investors can potentially profit from investing in RIVIAN AUTOMOTIVE, as it is currently undervalued by 89.9%. More…

Peers

Rivian Automotive Inc is an American automotive and energy storage company. Founded in 2009, the company focuses on developing electric vehicles. Rivian has raised over $6 billion from investors including Amazon.com and Ford Motor Company. Rivian’s main competitors are Lucid Group Inc, Tesla Inc, and Ford Motor Co.

– Lucid Group Inc ($NASDAQ:LCID)

As of 2022, Lucid Group Inc has a market cap of 21.21B and a Return on Equity of -29.52%. Lucid Group Inc is a leading provider of marketing and advertising services. The company has a strong focus on delivering high-quality, innovative, and effective marketing and advertising solutions to its clients. Lucid Group Inc has a strong reputation for providing excellent service and delivering results that exceed expectations. The company’s focus on quality and customer satisfaction has resulted in a loyal client base and a strong market position. Lucid Group Inc is well-positioned to continue its growth and success in the marketing and advertising industry.

– Tesla Inc ($NASDAQ:TSLA)

Tesla’s market cap as of 2022 is 695.76B. The company has a Return on Equity of 27.88%. Tesla is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, batteries, and solar panel manufacturing. Tesla also offers vehicle service centers, superchargers, and home energy systems.

– Ford Motor Co ($NYSE:F)

As of 2022, Ford Motor Company has a market capitalization of 48.77 billion dollars and a return on equity of 23.7%. The company is one of the largest automakers in the world and is known for its production of cars and trucks. The company also has a strong presence in the world of motorsports, with its vehicles competing in a number of different racing series.

Summary

Rivian Automotive has been making headlines in the automotive industry for its plan to release an all-electric pickup truck and SUV by 2024. With the stock price dropping the same day the announcement was made, investors may be questioning the future of the company. Analysts suggest that the stock price drop should not be taken as an indication of the viability of Rivian’s products as they remain confident in the company’s ability to meet its goals. Still, investors should be prepared for a volatile stock price as the company continues to develop and launch new products.

Additional risk factors include the competitive landscape and access to capital. In order to make a wise investment decision, investors should consider Rivian’s potential long-term growth trajectory and weigh the risks against potential rewards.