Reported 1 day ago
Rivian's electric vehicle company has seen both growth and setbacks, reporting two quarters of gross profit but recently slipping back into a loss. As it prepares to launch a cheaper R2 SUV, its vehicle delivery estimates have been cut significantly, intensifying concerns about the EV market's challenges, such as the removal of federal tax credits. Although Rivian is making strides in its manufacturing efficiency and expanding its model offerings, investors should be cautious before expecting substantial returns from its stock.
Source: YAHOO