Here's Why Rivian Stock Is a Buy Before May 6
Rivian Automotive (NASDAQ: RIVN) reported full-year 2024 earnings in late February. Despite some operational issues during the year, it ended the fourth quarter on a positive note in one very important way. As the electric vehicle maker looks to 2025, it expects to keep the positive news going. Its first-quarter earnings release, expected on or about May 5, will be the first big test.Rivian is an upstart electric vehicle (EV) maker. It is basically building its business from scratch, which is a long and difficult process. That's doubly true, given the capital-intensive nature of manufacturing vehicles. It should come as no surprise to anyone that Rivian has been bleeding red ink for years. Tesla (NASDAQ: TSLA), which is profitable today, had to go through the same start-up phase.Image source: Rivian.Continue reading
Rivian Automotive (NASDAQ: RIVN) reported full-year 2024 earnings in late February. Despite some operational issues during the year, it ended the fourth quarter on a positive note in one very important way. As the electric vehicle maker looks to 2025, it expects to keep the positive news going. Its first-quarter earnings release, expected on or about May 5, will be the first big test.
Rivian is an upstart electric vehicle (EV) maker. It is basically building its business from scratch, which is a long and difficult process. That's doubly true, given the capital-intensive nature of manufacturing vehicles. It should come as no surprise to anyone that Rivian has been bleeding red ink for years. Tesla (NASDAQ: TSLA), which is profitable today, had to go through the same start-up phase.
Image source: Rivian.
