Rivian: Time To Thrive
- Rivian Automotive is poised for major growth with the upcoming R2 SUV launch, targeting a broader, more affordable EV market segment.
- RIVN's strong Q3 results, robust technology initiatives, and partnerships with Volkswagen and Mind Robotics highlight its evolution into a tech-driven EV leader.
- The company has ample liquidity, ambitious production expansion plans, and trades at a significant valuation discount to peers like Tesla and Lucid.
- With the R2 launch and upcoming Autonomous & AI Day as catalysts, RIVN is a compelling buy on any weakness before its next growth phase.
Rivian Automotive, Inc. (RIVN) is making huge progress towards launching the R2 SUV, vastly broadening the market opportunity. The new vehicle allows the EV manufacturer to enter mainstream auto with a list price below the current average selling prices. My investment thesis remains ultra-Bullish with the launch of the R2 and other tech. Initiatives reinvigorating the growth story.
Read the full article on Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
Comments