From “Nasdaq”:

1. Rivian Automotive’s stock price has dropped significantly since its IPO, now down to $20. This downturn provides a potential entry point for investors interested in the electric vehicle market due to its well-received trucks and SUVs, which could generate shareholder value over the next three years.

2. Rivian’s fourth-quarter deliveries saw a sequential decline of 10%, but a year-over-year growth of 73%. Its rival, Tesla, only saw a 38% increase, indicating a positive future for Rivian despite near-term macroeconomic challenges in the EV market.

3. Rivian’s financial situation shows the company is burning through substantial amounts of cash, with more than $1 billion used in operations in the third quarter. While the company is not yet profitable, growing demand for its vehicles could accelerate profitability in the coming years.

4. Rivian’s valuation suggests the company is trading at a discount, with a price-to-sales multiple of 5 compared to Tesla’s 8.7. This lower valuation, in combination with Rivian’s potential for future growth, makes it an attractive investment opportunity in the electric vehicle market.

5. The Motley Fool provides an in-depth analysis of the top 10 stocks for investors to buy, none of which includes Rivian Automotive. However, their Stock Advisor service has seen significant returns over the years, potentially providing valuable stock picks for investors.



Read more: Where Will Rivian Stock Be in 3 Years?