Reported 2 days ago
Rivian Automotive's stock has dropped over 90% since its IPO, trading below $15 amid stagnant delivery figures and competition in the EV sector. While the company plans to launch a cheaper model, the R2 SUV, in 2026 to boost sales, it currently faces challenges with low demand and a negative cash flow of $1.8 billion. Despite having cash resources and a record gross margin, Rivian needs to significantly increase its deliveries to become financially viable, making its stock a risky investment for now.
Source: YAHOO