Reported 5 months ago
The article discusses the decline of Rivian Automotive's stock by 86% since its initial public offering (IPO), highlighting the challenges faced by the electric vehicle (EV) industry. Despite revenue growth, Rivian continues to face significant losses and cash burn. The company aims to achieve profitability in the next three years by improving manufacturing efficiency and reducing costs. While there is potential for Rivian to outperform in the future, its high-risk nature and financial situation suggest that investors may want to wait for more data before investing.
Source: YAHOO