Where Will Rivian Be in 5 Years?
A lot has changed for Rivian (NASDAQ: RIVN) over the last five years. And there could be even more change to come over the next five years. Right now could be an incredible time to invest in this up-and-coming electric vehicle (EV) maker. Here are two major events to expect in the near future.
It's no secret that manufacturing cars is a capital intensive business. It takes billions of dollars to design a vehicle, build the factory, produce the vehicles, and then market, sell, and ship them to consumers. Then there are warranty claims.
It also takes time. literally took decades to go from zero to the small handful of models it sells today. And there were times during the journey that it almost went bankrupt. When scaling up the production of its Model 3, for example, Musk said that the company was about a month away from bankruptcy.
Source Fool.com
Tesla Inc Stock
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