RIVN - Rivian: A Limited Road Ahead
2024-07-01 11:34:54 ET
Summary
- Rivian's stock has plummeted over 80% from its highest valuation of $100 billion to about $11 billion due to supply chain issues and slowing EV demand.
- Limited top-line growth due to paused factory construction and production constraints may hinder revenue growth.
- Unsustainable margins, flagging EV demand, and a difficult macroeconomic environment pose challenges for Rivian's future success.
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Rivian: A Limited Road Ahead