Rivian Automotive Downtrend Channel Breakout On RVs 410 Miles of Range

RIVN stock chart on August 31 2023 in downtrend channel breakout
RIVN stock chart on August 31 2023 in downtrend channel breakout

RIVN stock is testing a downtrend channel breakout on August 31, 2023, after the company announced that its dual motor RVs will get up to 410 miles of range.

Rivian Automotive (RIVN) said in an earlier tweet on X: “The Dual-Motor and Performance Dual-Motor R1T have the best range in our lineup, with an EPA-estimated 410 miles with our Max pack and 352 miles with our Large pack – both when paired with 21″ wheels. Keep an eye out for full R1S range figures soon.” Source: https://twitter.com/Rivian/status/1696877547307606405

RIVN stock chart on August 31 2023 in downtrend channel breakout
RIVN stock chart on August 31, 2023, in downtrend channel breakout

Rivian Automotive is an American electric vehicle (EV) manufacturer. The company primarily focuses on designing and producing electric SUVs and pickup trucks. They also offer electric vehicle technologies and platform solutions to other companies. Rivian’s vehicles are known for their high-performance capabilities, long-range battery capabilities, and rugged off-road capabilities. The company aims to create sustainable transportation solutions that have a positive environmental impact.

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