Rivian: This Is Getting Ridiculous


  • RIVN collapsed over the past month, falling by nearly 50% as pure-play EV makers were dragged down by TSLA’s downfall.
  • Rivian’s updated Q4 production and deliveries report also came in below its previous guidance.
  • The market is likely pricing in a highly challenging year for Rivian that delays its profitability ramp even further.
  • But with RIVN last trading at just 1x NTM Revenue, is it time for investors to take the plunge?

Ford To Sell 8 Million Shares Of Electric Vehicle Maker Rivian Stock

Justin Sullivan

Rivian Automotive, Inc. (NASDAQ:RIVN) stockholders suffered another blow in December as EV leader Tesla (TSLA) dragged pure-play EV stocks lower.

Accordingly, RIVN fell nearly 50% in December 2022, finishing the year down 82%. TSLA ended 2022 down more than 60% as EV investors

Disclosure: I/we have a beneficial long position in the shares of TSLA, NIO 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.

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