Test and Validation Engineer Intern Co-op - Test and Validation, Charging Products
About the job
- Must be currently pursuing a bachelor's or master's degree at an accredited university in electrical engineering, mechanical engineering, computer engineering, systems engineering, or a closely related degree program.
- Be available to work full time, 40 hours per week, onsite for the entire January–August 2027 term.
- Be willing to learn laboratory equipment, test methods, and safety practices.
- Have a basic understanding of electrical circuits, measurement principles, and engineering fundamentals.
- Be able to read and interpret technical requirements, schematics, drawings, or specifications.
- Have effective written and verbal communication skills.
- Be able to work collaboratively in a fast-paced, cross-functional environment.
- Support the creation and maintenance of product validation plans and test matrices.
- Help translate product requirements into clear, measurable test objectives and acceptance criteria.
- Assist with developing test procedures, test setups, checklists, and laboratory work instructions.
- Collect, organize, and perform initial analysis of test data; identify trends, anomalies, and potential failures.
- Support failure investigation and root-cause analysis for issues identified during testing.
- Participate in design reviews, requirements reviews, risk assessments, and validation readiness discussions.
Rivian is on a mission to keep the world adventurous forever. This goes for the emissions-free Electric Adventure Vehicles we build, and the curious, courageous souls we seek to attract.
As a company, we constantly challenge what’s possible, never simply accepting what has always been done. We reframe old problems, seek new solutions and operate comfortably in areas that are unknown. Our backgrounds are diverse, but our team shares a love of the outdoors and a desire to protect it for future generations.
Role Summary
Internship Term:
Rivian internships are experiences optimized for student candidates. To be eligible, you must be an undergraduate or graduate student in an accredited program during the internship term with an expected graduation date between December 2027 - 2029. Rivian's Internship Program requires active student enrollment. Information regarding your expected degree completion date is collected solely to verify eligibility and determine your availability for future full-time opportunities. Rivian is an equal opportunity employer and does not use graduation dates to determine the age of applicants or as a basis for discriminatory hiring decisions.
If you are not pursuing a degree, please see our full time positions on our Rivian careers site.Note that if your university has specific requirements for internship programs, it is your responsibility to fulfill those requirements.
Our Spring Co-Op program runs from Jan - Aug, 2027. In order to be considered for this role, you must be available to work full time (40 hours per week), onsite, for the entire duration. If you are unable to work during the spring semester, please apply to our Summer Internship Program.
No Visa Sponsorship
The Test & Validation Engineering intern will support the development and validation of current and next-generation EV charging products. This candidate will have the opportunity to learn how electrical and software-enabled products are tested from early conception through final validation. The role will be a mixture of validation planning, test preparation, hands-on lab testing, data collection and document preparation.
Responsibilities
- Support the creation and maintenance of product validation plans, test matrices.
- Help translate product requirements into clear, measurable test objectives and acceptance criteria.
- Assist with developing test procedures, test setups, checklists, and laboratory work instructions.
- Collect, organize, and perform initial analysis of test data; identify trends, anomalies, and potential failures.
- Support failure investigation and root-cause analysis for issues identified during testing.
- Participate in design reviews, requirements reviews, risk assessments, and validation readiness discussions.
Qualifications
- Must be currently pursuing a bachelors or masters degree at an accredited university.
- Actively pursuing a degree or one closely related in electrical engineering, mechanical engineering, computer engineering, or systems engineering.
- Willingness to learn laboratory equipment, test methods, and safety practices.
- Basic understanding of electrical circuits, measurement principles, and engineering fundamentals.
- Ability to read and interpret technical requirements, schematics, drawings, or specifications.
- Effective written and verbal communication skills.
- Ability to work collaboratively in a fast-paced, cross-functional environment.
Pay Disclosure
The salary range for this role is $26.00-45.00/HR for Irvine based applicants. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee’s position within the salary range will be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, experience, skills, geographic location, shift, and organizational needs.
We offer a comprehensive package of benefits including but not limited to paid vacation, paid sick leave, and medical insurance benefits. More information about benefits is available at rivianbenefits.com.
You can apply for this role through careers.rivian.com (or through internal-careers-rivian.icims.com if you are a current employee).
Equal Opportunity
Rivian is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender, gender expression, gender identity, genetic information or characteristics, physical or mental disability, marital/domestic partner status, age, military/veteran status, medical condition, or any other characteristic protected by law.
Rivian is committed to ensuring that our hiring process is accessible for persons with disabilities. If you have a disability or limitation, such as those covered by the Americans with Disabilities Act, that requires accommodations to assist you in the search and application process, please email us at [email protected].
Candidate Data Privacy and Technology
Rivian may collect, use and disclose your personal information or personal data (within the meaning of the applicable data protection laws) when you apply for employment and/or participate in our recruitment processes (“Candidate Personal Data”). This data includes contact, demographic, communications, educational, professional, employment, social media/website, network/device, recruiting system usage/interaction, security and preference information. Rivian may use your Candidate Personal Data for the purposes of (i) tracking interactions with our recruiting system; (ii) carrying out, analyzing and improving our application and recruitment process, including assessing you and your application and conducting employment, background and reference checks; (iii) establishing an employment relationship or entering into an employment contract with you; (iv) complying with our legal, regulatory and corporate governance obligations; (v) recordkeeping; (vi) ensuring network and information security and preventing fraud; and (vii) as otherwise required or permitted by applicable law.
Rivian may share your Candidate Personal Data with (i) internal personnel who have a need to know such information in order to perform their duties, including individuals on our People Team, Finance, Legal, and the team(s) with the position(s) for which you are applying; (ii) Rivian affiliates; and (iii) Rivian’s service providers, including providers of background checks, staffing services, and cloud services.
Rivian may transfer or store internationally your Candidate Personal Data, including to or in the United States, Canada, the United Kingdom, and the European Union and in the cloud, and this data may be subject to the laws and accessible to the courts, law enforcement and national security authorities of such jurisdictions.
How We Use AI in Our Hiring Process: To ensure transparency, we want candidates to know that Rivian uses iCIMS Talent Cloud Artificial Intelligence (TCAI) and AI-enabled tools to assist with screening, reviewing, organizing and highlighting profiles and applications that match the key requirements for each role.
Participation in AI profile matching is entirely voluntary. If you prefer that your profile not be used in this process, you can opt out at any time. Opting out means your profile will be excluded from automated matching and will not be surfaced for additional roles through this system. Your current application remains active and will not be affected in any way.
Please note that we are currently not accepting applications from third party application services.
About the company
Rivian designs and builds electric pickup trucks, SUVs, and delivery vans, pairing off-road ability with electronics and software it develops itself. In 2021, its R1T became the first fully electric pickup truck on the US consumer market, ahead of larger rivals such as Ford and Tesla. It makes the R1T pickup, the R1S and R2 SUVs, and commercial vans in Normal, Illinois, and sells them directly online and in its own stores rather than through dealers. Its vehicles run on Rivian's own software, which gains features through updates sent over the internet, and most revenue comes from vehicle sales, with service and optional software adding more. Rivian was founded in 2009 and is based in Irvine, California.
Company Size
10,001+
Company Stage
IPO
Headquarters
Irvine, California
Founded
2009
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Simplify's Take
What believers are saying
- R2 is lifting sales: deliveries hit a record 19,248 in the September 2026 quarter, up 46% from a year earlier.
- Uber backs Rivian's self-driving push: it pledged up to $1.25 billion in March 2026 and will buy 10,000 R2 robotaxis.
- Room to grow: Rivian's $5 billion Georgia factory, set to start building cars in 2028, plans 7,500 permanent jobs.
What critics are saying
- Losses still run deep: Rivian lost $837 million from April to June 2026, and its car sales lost money.
- Layoffs keep coming: Rivian cut about 600 jobs in October 2025 and hundreds in June 2026, mostly sales and service.
- Stock grants have shrunk: Rivian shares fell 27% from January to October 2026, versus Tesla's 17% drop.
What makes Rivian unique
- Volkswagen buys its tech: joint-venture work for VW, Rivian's largest owner, brought in $308 million in the June 2026 quarter.
- Amazon is its anchor customer: it ordered 100,000 custom Rivian delivery vans, and over 40,000 ran its routes by mid-2026.
- Unlike Tesla, Rivian adds lidar: in December 2025 it unveiled its own RAP1 self-driving chip and laser sensors for R2.
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Benefits
- Ownership for All: We offer every employee the opportunity to own Rivian stock through equity programs, supporting their financial wellness.
- Mental and Emotional Wellness: We provide employees and their families access to mental wellness platforms and our Employees Assistance Program
- Fertility and Family Planning: We support diverse family-building journeys, providing employees with benefits such as paid parental leave and financial support for adoption, fertility treatments or surrogacy.
- Competitive Compensation: We offer competitive compensation packages driven by mutual investment in our long-term growth and success.
- Career Development: We enable all employees to own their development. Continuous learning opportunities and tuition reimbursement help drive performance, boost engagement and develop future leaders.
- Transgender Benefits: In alignment with WPATH guidelines, our 2022 plans provide coverage toward medical, pharmacy and cosmetic needs.
Growth & Insights and Company News
6 month growth
0%1 year growth
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0%Rivian Automotive's most valuable bet may be robotics, not vehicles. In 2025, chief executive officer RJ Scaringe founded Mind Robotics, an AI-enabled company that builds robots. Rivian owns about a third of it, and Mind is Rivian's primary manufacturing partner. This week, Mind hired Doug Field as president. He previously ran Tesla's Model 3 program and Ford Motor Company's EV operations. Rivian's stake is reportedly worth a little more than $1 billion. Mind reported raising $1 billion in the past year. Rivian launched its more affordable R2 fleet this year and delivered a record 19,248 vehicles in the third fiscal quarter. Its shares are down 34% this year.
Rivian AI agents are coming to its EVs ahead of December AI and Autonomy Day. Tl;dr. * Rivian is preparing to bring conversational AI agents directly into its R1 and R2 vehicles, moving beyond basic voice commands to proactive, context-aware in-car intelligence. * The rollout will be powered by Rivian's in-house autonomy compute and software stack, with deeper integration expected to be detailed at its AI & Autonomy Day event this December. * The push positions Rivian to compete with Tesla, Google, and Chinese EV rivals in the race to make the car an AI companion, not just transportation. Rivian's bigger bet: your car becomes a companion. Rivian has never hidden its ambition to be more than an electric truck company. It wants to be a software company that happens to make adventure-ready EVs. Now that vision is getting its biggest test yet: AI agents living inside Rivian vehicles. According to recent teasers from CEO RJ Scaringe and the company's autonomy leadership, Rivian is developing a new generation of in-car intelligence that goes far beyond "set navigation to Denver" or "open the frunk." Think of an agent that knows your daily commute, your charging habits, your camping setup, and your calendar - and acts on it before you ask. Instead of a voice assistant you have to summon, Rivian wants an agent that's always contextually present: rerouting you around a storm on a road trip to Moab, pre-conditioning the battery for a faster charging stop, booking service when it detects an issue, or summarizing your messages while you're driving hands-free. Why now: software-defined vehicles meet generative AI. The timing is no accident. Rivian just completed its critical transition to its zonal electrical architecture and second-generation R1 platform, plus its new in-house Rivian Autonomy Platform with onboard LiDAR, radar, cameras, and a powerful custom compute module. That hardware unlocks two things: real on-device inference for low-latency AI, and a unified software stack across R1T, R1S, and the upcoming affordable R2. At the same time, the broader auto industry is racing in the same direction. Tesla is pushing Grok integration and robotaxi ambitions, Mercedes and BMW are embedding large language models from Google, Microsoft and Amazon, and Google's Android Automotive with Gemini is becoming the default intelligence layer for many brands. Rivian, notably, has resisted going all-in on Google or Apple for the cabin. It still doesn't offer CarPlay, betting instead that a tightly integrated, Rivian-owned experience will be better long-term. AI agents are the ultimate proof point for that controversial strategy - if it works, Rivian controls the relationship with the driver. If it fails, customers may wonder why they can't just use their phone. What to Expect from Rivian's in-car AI agents. While Rivian hasn't released a full spec sheet yet, job postings, developer briefings, and executive comments point to three layers: 1. A Conversational Vehicle Assistant: A natural-language interface that can control nearly every vehicle function - suspension height, drive modes, climate zones, tonneau cover, lighting scenes, camp mode - plus answer general knowledge questions, plan trips, and manage media. Expect wake-word-free interaction and multi-turn memory, so you can say "find a kid-friendly charger with coffee near our route and add 20 minutes to stretch." 2. Proactive Driving and Ownership Agents: This is where it gets interesting. Rivian is reportedly testing agents that monitor range, weather, traffic, home energy via its charging ecosystem, and maintenance health. For example: predicting you won't make it home on current charge and automatically reserving a Rivian Adventure Network stall, or noticing repeated off-road routes and suggesting tire pressure and drive mode changes. 3. Autonomy-Linked Intelligence: Rivian's Level 2+ system, Rivian Autonomy Platform+, already handles highway hands-free driving with driver monitoring. The company has promised eyes-off, hands-free point-to-point capability over time. AI agents will likely serve as the narrator and co-pilot for that system - explaining why the car changed lanes, took an exit, or slowed, and taking voice overrides like "pass this trailer when it's clear." All of this will run on Rivian's custom software with cloud support from major AI model providers, while keeping safety-critical driving decisions on-board. What December's AI & Autonomy Day could reveal. All eyes are now on Rivian's AI & Autonomy Day event in December. The company has used past events to unveil major platform shifts, and this one is expected to be software-first. Here's what to watch for: Live Demo of the In-Car Agent: Expect Scaringe or Chief Software Officer Wassym Bensaid to demo a live conversation with a Rivian vehicle on stage, showing trip planning, vehicle controls, and memory across drives. Autonomy Roadmap Update: Rivian has promised to expand hands-free driving from highways to more scenarios in 2026 and launch its own robotaxi pilot. December should bring timelines, SAE Level progress, LiDAR data, and safety metrics. R2 AI Strategy: With the $45,000 R2 SUV launching as Rivian's mass-market bet, AI features could be a key differentiator. Will agents be standard, subscription-based via Connect+, or tiered by compute? Developer Platform and Third-Party Agents: One big question is whether Rivian will open APIs for Spotify, DoorDash, Airbnb, and home automation to build agents on top of Rivian's platform - turning the car into an app ecosystem. Pricing and Rollout Timeline: The most practical detail: when do current R1 owners get it via over-the-air update, and will it require new hardware or the Connect+ subscription? The stakes for Rivian. For Rivian, AI agents aren't a gimmick - they're survival strategy. The company is in a brutal transition period: scaling R2 production in Normal, Illinois, fulfilling its Volkswagen joint venture valued at up to $5.8 billion, and trying to reach positive gross profit while competing with Tesla's price cuts. Software and autonomy offer something hardware can't: high-margin recurring revenue and brand lock-in. If Rivian can deliver AI that genuinely makes owning, driving, and adventuring easier, it justifies its walled-garden approach and gives R2 buyers a reason to choose Rivian over a Model Y. The risk is equally clear. Generative AI in cars raises hard questions about distraction, hallucination, privacy, and latency. Drivers won't tolerate an agent that gets charging math wrong or misinterprets a command at 70 mph. Rivian will need to prove its system is automotive-grade, not a chatbot bolted to a steering wheel. Bottom line: December won't just be a tech showcase. It will be Rivian's pitch for what the next decade of driving feels like - less about horsepower and range, and more about intelligence riding shotgun with you. AndroGuider Team Articles written by the AndroGuider team. Androguider try to make them thorough and informational while being easy to read.
Rivian opens invite-only access to self-driving features. Marcus Lewinsky Thu, October 15, 2026 at 4:09 PM PDT Rivian will open its Autonomy Early Access Program to a limited group of owners in December, giving selected participants pre-release access to Point to Point, a supervised Level 2 driver assistance system that combines hands-free driving with turn-by-turn navigation, the company announced. The invite-only program targets Gen 2 R1 and R2 owners based in California and Florida with active paid Autonomy+ subscriptions. Trials do not count toward eligibility. Owners can enroll through their Rivian.com account, where a qualifying vehicle surfaces an Autonomy Early Access tile on the primary owner's profile. According to Rivian, selection depends on how frequently an owner engages Autonomy features and whether they maintain a clean recent safety record covering metrics such as forward collision warnings. The company weighs the pool across regions and vehicle models. Owners who are not chosen will not receive a rejection email, and their interest stays on record as the program reaches additional states, making reapplication unnecessary. Participation carries obligations. Testers must engage the features on a weekly basis, log issues through the vehicle interface, and submit a monthly survey. They must also share location and camera data under an NDA. There is no compensation. Rivian reassesses eligibility on a 30-day cycle and can drop any participant without notice. Point to Point ties Universal Hands-Free to navigation, letting the vehicle follow a navigation route through supervised turns, highway merges, and surface-street driving. The system relies on a 360-degree sensor suite and Rivian's Large Driving Model. Drivers must stay attentive throughout. The timing lines up a statement made by James Philbin, SVP, Autonomy & AI at Rivian when he said that the company was tracking toward a year-end launch. A broad rollout reaching all Autonomy+ subscribers remains targeted for 2027, according to Rivian. Because testers are bound by an NDA, early participants will not be discussing the system publicly. Rivian's Autonomy & AI Day on December 9 is set to offer a public look at the technology ahead of the wider release.
Rivian debuts Autonomy Early Access Program, looks like its own take on the Tesla FSD Beta. Rivian announced the Autonomy Early Access Program for owners in California and Florida who wish to test future Autonomy+ features before everyone else Published: 15 Oct 2026, 17:34 UTC - By: Photo: Rivian Rivian is following in Tesla's footsteps with an early access program to test future Autonomy+ features before they are released to the rest of the fleet. The Autonomy Early Access Program will open in December to all owners with an active Autonomy+ subscription who apply. Access is restricted to a limited group, currently only in California and Florida. Rivian prepares to debut more advanced features for its Autonomy+ driver assist system, which is currently offered exclusively on Gen-2 R1 vehicles and on the R2. The most exciting among them is Point-to-Point, which should close the gap with Tesla FSD. Point-to-Point builds on the Universal Hands-Free capability and integrates it directly into the route navigation. With Point-to-Point, the vehicle will follow the active turn-by-turn directions in the navigation regardless of the road type. This should take you safely from the driveway to your destination, under your supervision, of course. Many have been skeptical of Rivian's ability to develop in-house autonomous driving capabilities. Still, the EV startup is confident it could start rolling out Point-to-Point by the end of the year. The moment is crucial, as the company has a reputation for sticking to announced timelines. Well, except replacing the broken tonneau covers on early R1T vehicles, maybe. That's not to say that Point-to-Point will be ready for prime time by then. Much like its bigger brother Tesla, Rivian will first start a beta-testing program, similar to Tesla FSD Beta. This would allow the carmaker to test future autonomous driving features in real-world conditions before they are deemed safe for a wider rollout to the Rivian fleet. That's the role of the "Autonomy Early Access Program," which will begin testing new Point-to-Point features in December. Regular Autonomy+ subscribers will get Point-to-Point at a later date, hopefully early next year. That would be an impressive feat for Rivian, which doesn't have its own data centers as Tesla does. The Autonomy Early Access Program is currently open only to Rivian owners with an Autonomy+ subscription in California and Florida. This means Gen2 R1S and R1T owners, as well as R2 owners. The program will be expanded in 2027, but Canadian owners would not be eligible. Rivian expects the Autonomy Early Access Program to enroll a very limited number of Rivian owners. They will be evaluated on a monthly basis based on their driving behavior, and Rivian warns that their membership can be revoked at any time. Interested owners will have to express interest in enrolling in the program through their Rivian account, even if it's not yet available in their region. Thus, they will not need to reapply if the program expands. The carmaker will favor eligible owners with high Autonomy feature usage and a clean recent safety record. The Autonomy Early Access Program is expected to kick off during Rivian's second Autonomy & AI Day, which is scheduled for December 9 in San Francisco. The event should also provide the first real-world demonstration of Rivian's autonomous driving capabilities. Liked the article? Follow Autoevolution to see more articles from autoevolution in your Google feeds. After his childhood dream of becoming a "tractor operator" didn't pan out, Cristian turned to journalism, first in print and later moving to online media. His top interests are electric vehicles and new energy solutions. Full profile
Rivian Automotive (NASDAQ:RIVN) stock price down 1.3% - should you Sell? Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) was down 1.3% during trading on Tuesday. The stock traded as low as $13.34 and last traded at $13.37. 16,449,836 shares changed hands during trading, a decline of 44% from the average session volume of 29,281,074 shares. The stock had previously closed at $13.54. More Rivian Automotive news. Here are the key news stories impacting Rivian Automotive this week: * Rivian expanded its battery-lifecycle agreement with Redwood Materials. Redwood will collect retired battery packs from Rivian's U.S. service network, supporting recycling, materials recovery and potential cost and sustainability benefits. * Rivian is adding artificial-intelligence features to its vehicles, including a voice-based assistant, while CEO RJ Scaringe said the company may eventually support third-party AI agents from firms such as Anthropic. The initiative could strengthen Rivian's software differentiation, although it is not yet a material revenue driver. * The lower-priced R2 SUV is the key bullish story for investors. Rivian is ramping production at its Illinois plant, and the model's affordability, Tesla Supercharger access and software features could broaden demand and improve scale if the launch succeeds. * Some commentary argues RIVN could be undervalued based on reaffirmed 2026 guidance, while other coverage highlights record deliveries and the accessible-model rollout. These views depend heavily on Rivian meeting production, delivery and cash-flow targets. * The Redwood announcement did not prevent shares from declining in recent trading, suggesting investors may view the recycling agreement as strategically positive but insufficient to offset near-term concerns. * Rivian was on track for a seventh consecutive losing session, reflecting continued weak momentum. With a negative earnings history and analysts expecting another full-year loss, investors remain sensitive to execution and funding risks. * Higher inflation, including a 0.6% monthly rise in September's consumer-price index, could pressure household budgets and financing costs, potentially limiting demand for expensive electric vehicles. Analysts set new price targets. RIVN has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Rivian Automotive from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Morgan Stanley upped their price target on shares of Rivian Automotive from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, July 31st. BNP Paribas Exane lifted their price objective on shares of Rivian Automotive from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, July 8th. Needham & Company LLC restated a "buy" rating on shares of Rivian Automotive in a research report on Monday, August 10th. Finally, Citigroup started coverage on Rivian Automotive in a report on Monday, September 14th. They issued a "hold" rating and a $18.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.00. Rivian Automotive price performance. The firm has a market capitalization of $18.85 billion, a P/E ratio of -5.05 and a beta of 1.62. The business's 50-day simple moving average is $15.39 and its 200 day simple moving average is $15.78. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87. Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.66) by $0.03. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the prior year, the company earned ($0.97) EPS. The firm's revenue was up 27.2% on a year-over-year basis. Sell-side analysts forecast that Rivian Automotive, Inc. will post -2.95 earnings per share for the current year. Insider activity. In other Rivian Automotive news, CFO Claire McDonough sold 8,023 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the sale, the chief financial officer directly owned 819,178 shares in the company, valued at $13,106,848. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider directly owned 1,001,776 shares in the company, valued at $15,026,640. This trade represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,167 shares of company stock valued at $788,306. Company insiders own 1.48% of the company's stock. Hedge funds weigh in on Rivian Automotive. A number of hedge funds have recently modified their holdings of RIVN. Independent Financial Group LLC purchased a new position in shares of Rivian Automotive during the first quarter valued at approximately $985,000. Baird Financial Group Inc. raised its stake in Rivian Automotive by 163.9% during the second quarter. Baird Financial Group Inc. now owns 289,693 shares of the electric vehicle automaker's stock valued at $5,026,000 after buying an additional 179,913 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Rivian Automotive by 34.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 348,800 shares of the electric vehicle automaker's stock valued at $5,249,000 after buying an additional 90,200 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in Rivian Automotive by 16.1% in the first quarter. Mizuho Markets Americas LLC now owns 683,024 shares of the electric vehicle automaker's stock worth $10,280,000 after acquiring an additional 94,840 shares in the last quarter. Finally, USS Investment Management Ltd bought a new stake in Rivian Automotive in the first quarter worth $12,683,000. Hedge funds and other institutional investors own 66.25% of the company's stock. Rivian Automotive company profile. Rivian Automotive, Inc is an electric vehicle manufacturer focused on developing and producing vehicles designed for adventure, utility and commercial use. The company's lineup includes the R1T electric pickup truck and R1S electric SUV, which feature all-electric powertrains, advanced driver-assistance technology and software-enabled vehicle systems. Rivian also develops electric commercial vehicles, including delivery vans, along with vehicle software, charging solutions and related services. Further reading. Receive News & Ratings for Rivian Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivian Automotive and related companies with MarketBeat.com's FREE daily email newsletter.