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Stock impact report

Is Rivian a Millionaire Maker? [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Down one path lies profitability, growth, and long-term success. Down the other lies obsolescence. Okay, maybe that's a bit too dramatic, but Rivian's big goal for 2024 is to turn a gross profit. That's not the same as generating positive earnings, but it is a vital step along the way. If it can't manage to take that first step, well, the long-term appeal here is limited. But if it can live up to that goal, the future could be very bright. What does Rivian do? From a high-level view, Rivian doesn't do anything exciting. It just makes trucks. In the consumer space that means a pickup truck. In the business space, at least for now, it means delivery vans. The important nuance here is that it is making electric trucks . While not completely unique, since other automakers produce electric trucks, too, Rivian has an award-winning product that had been very popular with consumers. Oh, and it has actually achieved a material level of production at its factory, which is expected to make a Show less Read more
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