Where Will Rivian Be in 1 Year?
Rivian (NASDAQ: RIVN) recently reached a long-held goal in its development. It is producing its electric trucks at scale. Building a factory from the ground up to support a new vehicle brand was a huge task, and Rivian pulled it off with a sustainable annual production of around 50,000 vehicles.But that achievement is in no way the final goal. That said, in a year, Rivian is likely to be another step closer to the long-term goal of becoming a sustainably profitable company.Making cars and trucks is a highly competitive business. There is a small collection of entrenched competitors who have global businesses and well-respected brands. Building a new car company of any kind is an incredible success, noting the huge costs involved in the capital-intensive carmaking process and the need to win over buyers in a crowded field.Continue reading
Rivian (NASDAQ: RIVN) recently reached a long-held goal in its development. It is producing its electric trucks at scale. Building a factory from the ground up to support a new vehicle brand was a huge task, and Rivian pulled it off with a sustainable annual production of around 50,000 vehicles.
But that achievement is in no way the final goal. That said, in a year, Rivian is likely to be another step closer to the long-term goal of becoming a sustainably profitable company.
Making cars and trucks is a highly competitive business. There is a small collection of entrenched competitors who have global businesses and well-respected brands. Building a new car company of any kind is an incredible success, noting the huge costs involved in the capital-intensive carmaking process and the need to win over buyers in a crowded field.
