Reported 2 days ago
Rivian Automotive recently achieved its second consecutive quarter of gross profit, attracting a $1 billion investment from Volkswagen as it positions itself for growth. With the R2 SUV launch on the horizon, Rivian is focusing on increasing its higher-margin software and aims to expand its market with the new model priced around $45,000. Despite challenges such as reduced vehicle deliveries and cost increases due to tariffs, Rivian is making headway in production capacity and revenue growth in its software division. Investors may find it prudent to consider buying shares before the anticipated R2 launch, although it remains a high-risk investment.
Source: YAHOO