2024-05-13 08:14:50 ET
Summary
- Electric vehicle companies, including Rivian, have seen a slowdown in demand lately, resulting in valuation pressure.
- Rivian, however, reported 82% revenue growth for Q1'24 and unit economics improved Q/Q.
- Despite the risk of waning EV demand, Rivian remains a strong value in the large-cap EV sector after Q1'24.
Electric vehicle companies have rotated out of favor with investors lately due to weaker demand for EVs and concerns over a potential Fisker bankruptcy. ...
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Rivian: Better Value Than Investors Think