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Rivian: Turning The Corner
Rivian AutomotiveRivian Automotive(US:RIVN) seekingalpha.com·2024-05-19 14:52
Sundry PhotographyInvestment Thesis In the last year, Rivian Automotive's (NASDAQ:RIVN) stock has fallen roughly 22%. While the market is bearish, I have maintained a bullish stance since last year. Despite the drop in their stock price, I believe the company executed well in the first quarter of 2024. In this first quarter, Rivian produced 13,980 vehicles and delivered 13,588 units from their plant in Normal, Illinois, with total production and delivery in line with their expectations. While these resu ...