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Rivian: Moving Beyond Survival Mode

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  • 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 trading back towards the lows, especially on any opportunity to grab the stock around $11 again.


Read the full article on Seeking Alpha. 

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

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