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Rivian: Focus On Production Progress Over Perfection

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  • Rivian Automotive has rapidly increased EV production and has the potential to become a leading contender in the EV race.
  • The company is still facing significant losses and needs to cut costs to reach its long-term gross margin goal.
  • Rivian has a cheaper valuation compared to Tesla and has faster growth rates, making it an appealing investment option.
With the legacy automakers facing major union strikes and potential cost increases, Rivian Automotive, Inc. (NASDAQ:RIVN) has the potential to quickly become a leading contender in the electric vehicle ("EV") race. The company has ramped up EV production, and the stock dip last year has provided a much better valuation. My investment thesis is Bullish on Rivian, though a September swoon would provide a more opportune entry point.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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