Rivian Automotive (NASDAQ: RIVN) seems like one of the few electric vehicle (EV) automakers heading into 2024 with some momentum. Production bottlenecks are in the rearview mirror, cost-cutting measures are gaining traction, and gross profit per unit is heading in the right direction, among other factors.

But Rivian might also just have two trump cards up its sleeve to spark a rally in 2024. Here's what investors should keep their eyes out for as we head into the new year.

Broadly speaking, you may not think a leasing program would be a big deal, and that's because, overall, leasing accounts for roughly 20% of new vehicle sales. But here's the kicker: Leasing is a huge part of luxury or high-priced vehicle sales.

Continue reading

Source Fool.com