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RIVN - Rivian: New Vehicles And Operational Improvement Could Signal A Turning Point
Rivian Automotive Inc.
2024-06-25 03:23:42 ET
Summary
Rivian is releasing two new mid-size offerings, namely the R2 and R3/ R3X are designed to penetrate the mass consumer market.
Apart from the new product launches, management is also attempting to make its current R1 production more efficient.
There are warning signs that US consumers may have turned against EVs in general. High levels of industry competition and cheap Chinese EVs are also substantial headwinds.
Rivian would have to execute its operations perfectly to be fairly valued, which makes it a risky proposition.