Is Rivian Stock Still a Buy Now if Production Slows in 2024?
Rivian (NASDAQ: RIVN) and its investors found out quickly in 2023 that you don't want to disappoint Wall Street when it comes to production and deliveries. As Rivian worked through production bottlenecks, which we'll cover more in a second, its stock price slid lower as its production roughly flatlined sequentially.
Should investors be worried that we might see that again with a production adjustment on the way? Let's dig in.
Let's briefly recap what happened toward the end of 2022 and the beginning of 2023, when Rivian hit a snag with its quad-motor, causing production to slow. You can see the flatline in the graph below.
Source Fool.com
