Where Will Rivian Be in 5 Years?
Rivian Automotive (NASDAQ: RIVN) is facing a slowing economy, rising interest rates, and parts shortages as it tries to ramp up production. But the electric vehicle (EV) company had the good fortune of going public at the peak of the market, giving it a solid balance sheet with about $14 billion in cash to improve operations and expand production.
In five years, the company will need to prove that it can operate profitably, leveraging its differentiation in the market. Here's what to expect.
A Rivian pickup truck. Image source: Rivian.
Source Fool.com