Rivian trades around $12 per share, giving it a market capitalization of about $18 billion. The company delivered 19,248 vehicles in the third quarter, up about 45% year over year, and reaffirmed full-year guidance of 65,000 to 70,000 vehicles. The lower-priced R2 SUV, starting around $58,000, is central to future growth. A deal with Uber covers an initial 10,000 autonomous R2 vehicles with an option for 40,000 more, and Uber may invest up to $1.25 billion through 2031 if milestones are met. The author predicts a $5,000 investment could grow to about $10,000 by 2031, based on a $25 per-share target, 250,000 annual deliveries and roughly $15 billion in revenue. The article also flags risks including competition, cash consumption and commercializing autonomous vehicles.
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