Rivian Just Had a Great Quarter. It's Still Not a Buy.
Of the electric vehicle start-ups not named , perhaps none is more promising than Rivian (NASDAQ: RIVN).
The EV company best known for its pickup trucks is well capitalized, thanks to a well-timed IPO in November 2021. Even after several quarters of huge losses, Rivian still has $10.2 billion in cash and equivalents on its balance sheet, and the company enjoys the backing of Amazon, which is a major investor in Rivian and has tapped it to produce 100,000 electric delivery vans.
Finally, Rivian has also executed well in the six full quarters it's been a publicly traded company and has mostly succeeded in ramping up production according to its targets.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 75 Buy predictions and 28 Sell predictions.
With a target price of 246 € there is a positive potential of 26.99% for Tesla Inc compared to the current price of 193.72 €.