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.
Investment Thesis
Read the full article on Seeking Alpha
For further details see:
Rivian: New Vehicles And Operational Improvement Could Signal A Turning Point