Where Will Rivian Be in 3 Years?
Down by 92% since its initial public offering (IPO) in November 2021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a stock too early. The electric vehicle (EV) maker failed to live up to its hype as relentless cash burn and competition eroded its business.
Can management turn the situation around? Let's explore what the next three years could have in store.
When it hit public markets in 2021, Rivian was the second most valuable U.S. automaker in the world, behind . With a market cap of over $100 billion, it dwarfed rivals like Ford Motor Company and General Motors despite reporting barely any revenue. Clearly, the hype had overcome fundamentals. But even though Rivian's shares have fallen back to Earth (current market cap: $10.5 billion), the stock still isn't necessarily a good value.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 103 Buy predictions and 40 Sell predictions.
As a result the target price of 397 € shows a positive potential of 32.49% compared to the current price of 299.65 € for Tesla Inc.
