Overview
- Rivian fell 5.22% Tuesday to close at $19.59, marking a sixth straight decline as traders cited selling pressure following the insider move and a lack of new catalysts.
- A regulatory filing shows CEO Robert Scaringe sold 17,450 Class A shares at $21.4253 each, retaining more than 1.15 million direct shares and 2.63 million indirect shares.
- Despite the pullback, the stock remains up roughly 14% over the past month and about 48% for the year after hitting 52-week highs in mid-December.
- At its Dec. 11 Autonomy & AI Day, Rivian unveiled a custom autonomy processor, a Gen-3 autonomy computer, and a Level 4 roadmap tied to LiDAR-equipped R2 models expected from late 2026.
- The company also announced an Autonomy+ driver-assist subscription priced at $2,500 upfront or $49.99 per month, with launch planned in early 2026.