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Every Rivian Investor Should Keep an Eye on These 2 Numbers
Rivian Automotive (NASDAQ: RIVN) shares trade at a significant discount to peers such as Lucid Group and Tesla. Yet the electric vehicle (EV) maker's sales have huge growth potential, with a sales inflection point likely occurring within the next 12 months.But before you jump into this promising EV stock, make sure you understand the two numbers discussed below.As you can see in the charts below, Rivian shares now trade at just 2.2 times sales -- a considerable discount to competitors like Tesla and Lucid Group.Continue reading
Rivian Automotive (NASDAQ: RIVN) shares trade at a significant discount to peers such as Lucid Group and Tesla. Yet the electric vehicle (EV) maker's sales have huge growth potential, with a sales inflection point likely occurring within the next 12 months.
But before you jump into this promising EV stock, make sure you understand the two numbers discussed below.
As you can see in the charts below, Rivian shares now trade at just 2.2 times sales -- a considerable discount to competitors like Tesla and Lucid Group.
