Rivian Scored Big in the First Quarter. Is There More Good News To Come?
Rivian (NASDAQ: RIVN) did something big in the fourth quarter of 2024. The goal is to keep that good news going in 2025. And a key part of the story is going to be hitting smaller milestones as the year progresses. So far, Rivian has started out strong, scoring a big success in the first quarter before it even announces earnings. Is there more good news to come?Rivian is trying to build an auto business from the ground up. That's a huge goal, given the capital-intensive nature of building cars. To make matters even more complex, the types of cars Rivian is making are all-electric trucks. On the one hand, the electric vehicle (EV) transition that is taking place opened up the opportunity that Rivian is trying to exploit. On the other hand, the company has pretty much had to design its cars from scratch because there's really no preexisting and time-tested blueprint for EVs.Image source: Rivian.Continue reading
Rivian (NASDAQ: RIVN) did something big in the fourth quarter of 2024. The goal is to keep that good news going in 2025. And a key part of the story is going to be hitting smaller milestones as the year progresses. So far, Rivian has started out strong, scoring a big success in the first quarter before it even announces earnings. Is there more good news to come?
Rivian is trying to build an auto business from the ground up. That's a huge goal, given the capital-intensive nature of building cars. To make matters even more complex, the types of cars Rivian is making are all-electric trucks. On the one hand, the electric vehicle (EV) transition that is taking place opened up the opportunity that Rivian is trying to exploit. On the other hand, the company has pretty much had to design its cars from scratch because there's really no preexisting and time-tested blueprint for EVs.
Image source: Rivian.