Rivian: A Value Deal

Summary:

  • Rivian beat Q2 expectations last week, generating better-than-expected earnings and top-line results.
  • The company narrowed its gross losses in the second quarter, with a significant improvement in the gross margin per unit metric.
  • RIVN is currently undervalued compared to other U.S. electric vehicle manufacturers, making it a strong investment opportunity with high potential upside.

Rivian R1T Electric Pickup Truck

RoschetzkyIstockPhoto/iStock Editorial via Getty Images

Rivian Automotive (NASDAQ:RIVN) reported better than expected Q2 results on both the top and the bottom line and posted narrower losses as well as improving unit economics for its EV operations. The solid earnings report


Analyst’s Disclosure: I/we have a beneficial long position in the shares of RIVN, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *