Is There a Future for RIVN?
Rivian Automotive (NASDAQ: RIVN) has always played second fiddle to . Where Tesla has long dominated in sheer scale and brand recognition, Rivian is carving out its own niche and differentiating factors in electric vehicles. Rivian's stock has struggled since the company went public in November 2021. Since then, the stock has lost more than 80% of its value. So the question remains, is there a future for Rivian?
The short answer: Yes, there could possibly be a bright future ahead for the EV maker, but it's going to depend largely on its continued operational streamlining and the successful launch of the R2 fleet in 2026.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
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As a result the target price of 408 € shows a slightly positive potential of 3.62% compared to the current price of 393.75 € for Tesla Inc.
