Rivian: Moving Beyond Survival Mode
Rivian is making significant progress towards profitability due to major cost reductions, despite current sales challenges in the premium EV sector. The upcoming R2 and R3 models are set to dramatically boost sales, with production ramping up at the Normal, Illinois facility in 2026. Tesla's recent struggles and Elon Musk's political distractions create an opportunity for Rivian to capture market share in the domestic EV segment. I'm ultra bullish on Rivian at current levels, especially if the stock dips near $11, as future growth catalysts remain strong. As Elon Musk is still distracted by politics, Rivian Automotive, Inc. ( NASDAQ: RIVN ) continues to progress towards launching the next-generation vehicles expected to dramatically boost sales levels. The EV maker has made significant progress towards turning profitable while Tesla, Inc. ( TSLA ) has floundered a massive lead in the EV race. My investment thesis remains ultra Bullish on Rivian...