Rivian Is Living Up to Its Promises. Is This Top EV Stock Worth the Risk?
Rivian Automotive (NASDAQ: RIVN) is no Tesla, at least not yet, anyway. Tesla, right or wrong, is the target that most investors have in mind when they look at an electric vehicle (EV) maker. That positions Rivian as both an opportunity and a risk, however. This company is living up to the promises it has made to investors but still has a long road ahead before it is a sustainably profitable company.So is this EV stock worth the risk? Let's find out.Tesla took a long time traveling the path from little more than a concept to a sustainably profitable EV maker with production of roughly 1.7 million vehicles per year. The first step was turning the concept into an actual car. Rivian has achieved that goal, too, with award-winning trucks and a large contract with Amazon.com for delivery vehicles.Continue reading
Rivian Automotive (NASDAQ: RIVN) is no Tesla, at least not yet, anyway. Tesla, right or wrong, is the target that most investors have in mind when they look at an electric vehicle (EV) maker. That positions Rivian as both an opportunity and a risk, however. This company is living up to the promises it has made to investors but still has a long road ahead before it is a sustainably profitable company.
So is this EV stock worth the risk? Let's find out.
Tesla took a long time traveling the path from little more than a concept to a sustainably profitable EV maker with production of roughly 1.7 million vehicles per year. The first step was turning the concept into an actual car. Rivian has achieved that goal, too, with award-winning trucks and a large contract with Amazon.com for delivery vehicles.
