Rivian Stock (NASDAQ:RIVN)
On Wednesday, Rivian Automobiles (NASDAQ:RIVN) announced that the R1S SUV has been honored with a Top Safety Pick+ designation from the IIHS for the 2023 model year. Models constructed after January 1 of this year are eligible for the prize.
The Rivian R1S also received this distinction, joining the Rivian R1T truck in getting it. This means the company’s flagship consumer vehicles now carry the independent nonprofit’s highest safety honor for 2023.
It is important to note that the Rivian R1S is the only vehicle that has received the Top Safety Pick+ designation in the big SUV category. Meanwhile, the 2023 Rivian R1T pickup is one of just three big trucks that have ever received the Top Safety Pick+ distinction.
According to the IIHS, the qualifications have been updated such that acceptable or excellent headlights are required for both awards rather than only the more prestigious ones. In addition, vehicles are required to get a grade of acceptable or good when subjected to a modified version of the side test. A stronger striking barrier is used in this test, impacting the test vehicle at a greater speed than in the past. In addition, a new nighttime vehicle-to-pedestrian front collision avoidance test is now part of the Top Safety Pick+ award requirements. To qualify for the higher award, you must demonstrate advanced or exceptional performance in the daytime and nighttime pedestrian exams.
Rivian stock saw a gain of 1.22% during the morning trading session on Wednesday. However, they are still down by over 12% over the last four weeks. The manufacturer of electric vehicles is scheduled to release their profits on May 9.
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Author Shariq Khan 
