Should I buy Rivian stocks?
$Rivian Automotive(RIVN.US$ Investors got important news in late June: German automaker Volkswagen announced that it was planning to invest up to 5 billion dollars in electric vehicle (EV) manufacturers as part of a revolutionary partnership for this startup.
Investors will listen to the next announcement in Rivian's second quarter report to be announced on 8/6. Considering Volkswagen news, investors may be wondering whether it is a good idea to buy Rivian stock before the update.
There wasn't much reason for investors to buy Rivian last year. However, buying materials have been revealed in recent months, and stock prices have risen nearly 90% from the 2024 low.
Rivian not only makes electric trucks and SUVs, but in 2019 $Amazon(AMZN.US$ We have been ordering 0.1 million electric delivery trucks for multiple years. Amazon is not only a customer, but also an early investor in this EV manufacturer.
As of 4/29, Amazon holds more than 0.1 billion 58 million Rivian shares, or almost 17% of the company. But perhaps most important to Rivian's long-term success is its role as a customer. Thousands of Rivian electric cars are entering Amazon's truck route, but the e-commerce giant is no longer its exclusive buyer. And now, Volkswagen's contribution may support Rivian's start to the next stage of growth.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
