Anyway
commented on a stock · Dec 11, 2023 11:52
Rivian Had a Secret Advantage Nobody Knew About. Here's Why the Stock Is Still a Buy.
In addition to avoiding tense negotiations and labor contract increases, Rivian has a lot of positives going for it right now.Its R1T and R1S have received heaps of praise for their quality, style, and safety. Its next-generation R2 platform is on the way -- and at a heavily reduced price compared to the first-generation vehicles -- and its production has entirely recovered from bottlenecks early in the year.Further, the company has narrowed its losses on each vehicle sold, and avoided brutal price wars ignited by Tesla, while having over $10 billion in liquidity to ensure it has cash for operations in the near term. It's opening demo-and-drive physical locations in a number of cities to help connect to potential consumers, and its once-exclusive partnership with Amazon for its electric commercial vans is now open to other potential customers.Rivian will surely face plenty of hurdles carving out its share of the increasingly competitive U.S. EV market, and it's still burning piles of cash. But after shedding 80% of its stock price over the past three years, now could prove a great opportunity to buy into the young EV automaker.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more3
OlaTrade : pre-mkt already looking good
Anyway OP OlaTrade : Yes, hopefully it keeps the momentum today!
Anyway OP : Monday blues