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Rivian: Should You Buy the Stock Before Its Next Big Milestone?
Rivian Automotive (NASDAQ: RIVN) reached a big milestone when it reported its first-quarter results, producing a gross profit for the second consecutive quarter. That milestone unlocked an added $1 billion in funding from Volkswagen, which is part of its $5.8 billion overall potential investment. With the electric vehicle (EV) maker starting to get on a roll, let's see if investors should buy the stock before it reaches its next big milestone.After years of negative gross margins, Rivian appears to have turned the corner with its second straight quarter of positive gross margins. Perhaps even more impressive was that the company's gross margins came in above those of its larger rival Tesla in the first quarter.Continue reading
Rivian Automotive (NASDAQ: RIVN) reached a big milestone when it reported its first-quarter results, producing a gross profit for the second consecutive quarter. That milestone unlocked an added $1 billion in funding from Volkswagen, which is part of its $5.8 billion overall potential investment.
With the electric vehicle (EV) maker starting to get on a roll, let's see if investors should buy the stock before it reaches its next big milestone.
After years of negative gross margins, Rivian appears to have turned the corner with its second straight quarter of positive gross margins. Perhaps even more impressive was that the company's gross margins came in above those of its larger rival Tesla in the first quarter.
