Rivian: Don’t Sweat The Speed Bumps

Summary:

  • Rivian is focused on long-term growth, aiming to produce over 600K EVs annually by the end of the decade despite current production setbacks.
  • Investors should not be swayed by short-term issues; Rivian’s retooling and cost-reduction efforts are expected to improve gross margins and profitability.
  • The company’s production capacity has increased, and new vehicle models like the R2 and R3 will drive future growth and revenue.
  • Rivian’s current market cap of $10 billion presents a buying opportunity, with significant upside potential as the company scales and improves efficiencies.
Road warning sign

wbritten

Rivian Automotive, Inc. (NASDAQ:RIVN) is busy building an EV brand and platform for the future while investors are trading the stock based on everyday moves. The EV manufacturer has definitely hit some speed bumps this year, but investors shouldn’t trade


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RIVN over the next 72 hours. 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.

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