Rivian changed the pickup truck industry when it launched the Rivian R1T in 2018. The company is known for producing quality electric pickups which evolved into the R1S. The company's books are not attractive but the vision and mission of the company are.
The share price has fallen far from its IPO price of $ 78 and it is showing signs of a bottom. The EV space is very competitive and Rivian is in a man-eat-man industry. Where you either make it, collaborate, or file for bankruptcy and get acquired.
It will be added to our portfolio. Waiting for the price to fall slightly but the stock is heavily discounted at the current price.
The share price has fallen far from its IPO price of $ 78 and it is showing signs of a bottom. The EV space is very competitive and Rivian is in a man-eat-man industry. Where you either make it, collaborate, or file for bankruptcy and get acquired.
It will be added to our portfolio. Waiting for the price to fall slightly but the stock is heavily discounted at the current price.
交易進行
Took a position in Rivian yesterday before posting this analysis. The position is up 10% so far.
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