Rivian (RIVN) Good bit of a lifeline, and may get them cash following the R2 intro, which should get decent demand from a niche market. However, it’s not coming till 2026, and Tesla is itching to reduce prices of its Cybertruck (when it happens).
Unfortunately, the sales numbers are not likely to change the volume needed to get to any semblance of break even in the near future – the numbers are just too small.
At the last call Rivian’s management saw the current cash balance of $9.4B only lasting the business through the end of 2025. If they raise more cash following the R2 unveil I would use the upside as a chance to exit.
and even though the new R2 vehicle will likely command a respectable, niche following, it will not come to market until 2026 per today’s announcement and I don’t expect the sales volume to be enough for the company’s downward trajectory to change. I recommend that investors sell the stock after today’s unveiling event.
2 replies on “Rivian (RIVN), Still Has A Steep Climb”
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.