Hey everyone,
I’m considering whether or not to purchase Rivian (RIVN) stock, but I’m on the fence and would love to hear your thoughts. With Rivian’s stock dropping significantly since its IPO, I’m wondering if now might be a good time to buy in or if it’s too risky given their current challenges.
On one hand, Rivian has had some positive developments, like their partnership with Amazon to deliver electric vans and the growing interest in their R1T and R1S models. They’ve also recently secured a $5 billion deal with Volkswagen, which might help with cash flow and expansion efforts. Plus, some analysts are still giving the stock a “buy” rating, predicting a potential rebound to around $17-30 over the next year, which would be a solid return from its current price.
However, there are also a lot of red flags. The company has been burning through cash at a rapid rate, losing $1.45 billion in just one quarter this year. On top of that, they missed delivery targets last year, and competition in the EV space is fierce. Some forecasts suggest that Rivian’s stock could drop even further, to around $13 or lower by next year, or even as low as $4 by 2030 if things don’t improve.
For those who have already invested in Rivian, do you think the stock has the potential to bounce back? Or is it likely to continue struggling with production delays and competition? I’m especially interested in hearing from those who have followed the company closely—do you see any key indicators that might suggest a rebound, or is this a risky bet that could lead to bigger losses?
Would love to get your input before making a decision! Thanks!
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