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Rivian: Thank You, Ford!

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  • Rivian is benefiting from less competition in the EV space as other automakers pull back from EV production.
  • The company has hit its EV production targets and should have a key shift to profit gross margins later this year.
  • The stock is cheap in comparison to peers, especially considering the forecasted higher growth rates topping 40% through 2027.
As some automakers pull back from producing EVs, Rivian Automotive (NASDAQ:RIVN) should be a beneficiary of less competition. Oddly though, the stock is slumping due to the current negativity on the EV space. My investment thesis is even more Bullish now that the stock has slumped due to fears on EV demand while Rivian has hit EV production targets.

Read the full article on Seeking Alpha. 

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

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