EV - Rivian Stock Checks off Boxes but There's Still Much To Do.
Despite maintaining its annual output plans, Rivian stock ( NASDAQ:RIVN ) is failing to cling to gains.
This week, Rivian stock ( NASDAQ:RIVN ) has taken investors on a wild journey. However, it’s nothing to do with the efficiency of its electric vehicles. As of this writing, the company’s stock is up 3.39% for the week. That’s good news for investors who have seen the stock drop 64% in the past year.
However, after surging 11% on news that it raised output in the most recent quarter and will maintain its existing production objectives, Rivian stock ( NASDAQ:RIVN ) is fighting to keep those gains as macroeconomic concerns resurface.
Can the Early Adopters Deliver?
A predictable wave of buyer behavior accompanies every new trend. The inventors are at the forefront of this wave, followed by the early adopters. Early adopters are prepared to pay a premium to help launch new goods and services. And may have a significant impact on whether things are selected.
Rivian has strategically good alliances in place. It now produces 100,000 electric delivery vans for Amazon (NASDAQ:AMZN) . In addition, the business has secured an agreement with Mercedes-Benz to produce el...
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