After reaching its lowest point in May Rivian stock showed signs of stabilization in recent weeks closing just below $40 on Monday. This follows the electric vehicle maker reporting its highest monthly production total to date in June. Rivian said it produced over 5,000 vehicles last month driven by improvements in its manufacturing capabilities and supply chain.

What’s Going On With Rivian Stock?

Rivian Automotive, Inc. designs, develops, manufactures and sells electric vehicles and accessory equipment. Founded in 2009 Rivian is one of the leading manufacturers of electric vehicles. Some key facts about Rivian: – Rivian unveiled its first two electric vehicles the R1T electric pickup truck and R1S electric SUV, in 2018. – The R1T was the first electric 

With Rivian Stock The Rise Of Rivian

Let’s take a closer look at Rivian’s financials: In Q1 2022, Rivian generated $95 million in revenue from delivering 1,227 vehicles. It reported a net loss of $1.59 billion as it ramps up production. Production in 2022 is expected to reach 25,000 vehicles as it expands production capacity. Rivian has a backlog of over 90,000 pre orders. Rivian had $17 billion in cash and equivalents as of March 

Fintechzoom Rivian Stock: Financial Analysi