Should You Buy Rivian Stock While It Is Still Below $15?
Few companies have survived the boom and bust of the electric vehicle sector in the last five years. Rivian Automotive (NASDAQ: RIVN) is one that is still kicking. Along with Tesla, it is one of the only pure-play electric vehicle (EV) companies left producing cars for customers as competition intensifies and industry growth subsides.The company is still in the very early stages, but has big plans for its product pipeline and investments in the coming years. As of this writing, the stock trades below $15, which is down over 90% from all-time highs set back at its initial public offering. At such a discounted price, is now the time to invest in EV disrupter Rivian Automotive? Let's dig into its Q1 earnings and investigate further.With demand for EVs slowing to a crawl in 2025, Rivian's deliveries to customers have hit a wall. Its R1 truck costs $70,000-$100,000 for individuals to purchase, making it too expensive for most shoppers in the United States. Deliveries were just 8,640 last quarter, which is a fraction of the deliveries for industry leaders such as Tesla. This figure is moving in the wrong direction, with deliveries of over 13,000 in the first quarter a year ago. Continue reading
Few companies have survived the boom and bust of the electric vehicle sector in the last five years. Rivian Automotive (NASDAQ: RIVN) is one that is still kicking. Along with Tesla, it is one of the only pure-play electric vehicle (EV) companies left producing cars for customers as competition intensifies and industry growth subsides.
The company is still in the very early stages, but has big plans for its product pipeline and investments in the coming years. As of this writing, the stock trades below $15, which is down over 90% from all-time highs set back at its initial public offering. At such a discounted price, is now the time to invest in EV disrupter Rivian Automotive? Let's dig into its Q1 earnings and investigate further.
With demand for EVs slowing to a crawl in 2025, Rivian's deliveries to customers have hit a wall. Its R1 truck costs $70,000-$100,000 for individuals to purchase, making it too expensive for most shoppers in the United States. Deliveries were just 8,640 last quarter, which is a fraction of the deliveries for industry leaders such as Tesla. This figure is moving in the wrong direction, with deliveries of over 13,000 in the first quarter a year ago.
