Reported about 11 hours ago
Rivian Automotive's stock has seen significant volatility since its IPO, making it an attractive buy after a recent dip. With sales surging from $1 million to over $5 billion and upcoming mass-market models projected under $50,000, there's potential for growth comparable to Tesla's success. Rivian aims to achieve positive gross margins imminently, which could boost its valuation significantly. Although risks remain, especially if the company fails to meet profitability targets, investors with a long-term perspective may find this to be a compelling opportunity.
Source: YAHOO