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RIVN - Rivian: Long-Term Gain Over Short-Term Pain
December, 17 2021 11:26 AM
Rivian Automotive Inc.
Rivian's stock got hammered after its first earnings announcement, erasing approximately $10 billion in market cap. The company may have a long road ahead, but the automaker is on the right track. Rivian is expanding production capacity, and demand should not be an issue for its unique vehicles. While the company's $100 billion valuation may seem high, Rivian will likely grow into it as it moves forward. If Rivian executes well, its stock price should increase substantially in future years. For further details see:
Rivian: Long-Term Gain Over Short-Term Pain
Stock Information
Company Name:
Rivian Automotive Inc.
Stock Symbol:
RIVN
Market:
NASDAQ
Website:
rivian.com
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