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Rivian stock trades for less than 2 times sales, while Tesla shares trade at nearly 10 times sales. The market is right to be skeptical, as the electric car space is full of historical failures.
After a long stretch of share price weakness, the market has finally started to shift its sentiment. Since the beginning of November, for instance, Rivian's stock value has increased by roughly 40%.
Here are three reasons why investors willing to shoulder a risky investment might want to consider buying Rivian stock today. The big financial goal for 2024 is to post a "modest gross profit" in ...
This year started out fairly well, with a goal of matching 2023 production levels despite a plant upgrade that would allow Rivian to post a modest gross profit in the fourth quarter of 2024. A ...
One of the more volatile stocks of 2024 has been Rivian Automotive (NASDAQ: RIVN). The electric vehicle (EV) maker has had a number of ups and downs this year, and while the stock has performed ...
Investors may be wondering why Rivian shares are plunging while Tesla stock is shooting higher. Rivian Stock Plunged After the Election. Is It a Buying Opportunity?
Higher production and delivery volumes won't help the company or the stock if it isn't recording profitable sales. The Nov. 7 report from Rivian could be a turning point for the company and the stock.
Over the next 12 months, the 19 analysts following the stock and offering year-out price targets have a wide range of opinions on the company. Forecasts range from a low of $27 to a high of $83 ...
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