Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, November 27, 2024
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[ 05:02 PM ] - United States, Thomas Matters
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Where Will Rivian Be in 3 Years?
- The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now
- and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
The article from The Globe and Mail discusses the future prospects of Rivian Automotive, an electric vehicle startup, over the next three years. It highlights Rivian's current challenges, including production delays and supply chain issues, but also points out the company's potential for growth. Rivian has secured significant investments and partnerships, notably with Amazon, which has ordered 100,000 electric delivery vans. The piece speculates on Rivian's strategy to expand its product lineup beyond its current offerings (the R1T pickup and R1S SUV) into more affordable segments to capture a broader market. Analysts suggest that if Rivian can scale up production and manage costs effectively, it could become a significant player in the EV market, potentially rivaling established companies like Tesla. However, the article also notes the high competition and the need for Rivian to continuously innovate and meet production targets to secure its position in the rapidly evolving electric vehicle industry.
Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/TSLA/pressreleases/29791283/where-will-rivian-be-in-3-years/ ]
Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/TSLA/pressreleases/29791283/where-will-rivian-be-in-3-years/ ]
