- 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