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Is This the Turning Point for Rivian Stock?

TheMotleyFool

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Is This the Turning Point for Rivian Stock?: https://g.foolcdn.com/editorial/images/731903/rivian-2022-r1t-pickup-truck.jpg

Investor expectations from Rivian Automotive (NASDAQ: RIVN) had dampened in recent months. Execution has been the biggest concern for the electric vehicle (EV) maker so far, with its underwhelming production, slow deliveries, mounting losses, cash burn, and outlook for 2023 leaving much to be desired.

The market, though, sees a silver lining in Rivian's latest quarterly report. Some things from its report, indeed, suggest this was one of the rare quarters when execution wasn't entirely lacking.