Reported 7 days ago
Rivian, although less known than Tesla, has shown impressive brand loyalty among its customers, with 86% wanting another vehicle after their initial purchase. The company plans to introduce three new mass market models, which could significantly boost sales and make it more accessible. Currently trading at a low price-to-sales ratio, investors may find this an opportune time to invest, despite recent negative sales growth, as Rivian aims for profitability soon and could replicate Tesla's success trajectory.
Source: YAHOO