Overview
- Rivian closed at $19.59 on Tuesday, down 5.22% for the day, and has fallen about 9.9% over the past five sessions, according to Forbes and exchange data cited by the reports.
- A regulatory filing shows CEO Robert Scaringe sold 17,450 Class A shares at $21.4253 each and still holds more than 1.15 million direct shares plus 2.63 million indirect shares.
- Coverage cited profit‑taking and the absence of new near‑term drivers as factors in the pullback, with broader worries including recalls and EV market challenges.
- The late‑December rally had followed Rivian’s Dec. 11 Autonomy & AI Day unveiling a custom autonomy processor and a Gen‑3 autonomy computer, alongside a roadmap that targets Level 4 capability in LiDAR‑equipped R2 models expected from late 2026.
- Rivian also outlined an Autonomy+ driver‑assist subscription priced at $2,500 upfront or $49.99 per month for an early‑2026 launch, and several analysts lifted price targets into the mid‑$20s after the event.