2024-03-31 20:00:00 ET
Summary
- Rivian is poised to benefit from the next up-cycle in EV demand as competitors like Apple and Ford exit the market or push back plans.
- The EV company is moving full speed ahead with new vehicle models, including the R2 and R3 while scaling back competitors to create a less competitive market.
- The company is on track to reach positive vehicle gross margins this year and has a strong lineup of SUVs, trucks, and work vans.
- The stock trades at only 1x EV/S targets, far below an EV peer.
The EV sector has had a tough year with waning demand. The EV manufacturers surviving the slump like Rivian Automotive, Inc. ( RIVN ) are poised to benefit from the next up cycle in EV demand without competitors like Apple ( AAPL ) in the market. My investment thesis is ultra Bullish on Rivian with the company moving full-speed ahead with new vehicle models while the competition disappears....
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For further details see:
Rivian: Thank You Apple!