Rivian founder and CEO RJ Scaringe has transferred a portion of his ownership stake and voting power to his ex-wife as part of a newly settled divorce proceeding. This shift in ownership comes at a pivotal time for Rivian, which is redesigning its flagship vehicles and banking on the upcoming R2 SUV to grow sales. The company’s ownership structure has also changed since its IPO in 2021, with Volkswagen Group emerging as a major player.
Forecast for 6 months: Rivian’s stock price may experience a short-term dip due to the shift in ownership, but the company’s focus on redesigning its vehicles and improving manufacturing costs may lead to a rebound in the next 6 months.
Forecast for 1 year: Rivian’s R2 SUV is expected to be a game-changer for the company, with its $45,000 base price making it more competitive in the market. We predict a significant increase in sales and revenue for Rivian within the next year.
Forecast for 5 years: As the electric vehicle market continues to grow, Rivian is well-positioned to capitalize on this trend. We predict that Rivian will become one of the leading players in the market, with a significant increase in market share and revenue within the next 5 years.
Forecast for 10 years: Rivian’s partnership with Volkswagen Group will likely lead to significant advancements in electric vehicle technology, making Rivian a leader in the industry. We predict that Rivian will continue to innovate and expand its product line, becoming a household name in the automotive industry within the next 10 years.
