Rivian Shines Again in Recent Registration Data. Is the Stock Still a Buy?
RIVNRivian Automotive(RIVN) The Motley Fool·2024-07-21 17:28

Rivian was one of the few to buck the recent trend of high incentives and come out a winner.While many investors are currently pessimistic regarding the electric vehicle (EV) industry, as sales growth continues to creep along rather than explode higher, Rivian (RIVN -0.89%) continues to buck the trend with positive news. Not only did it exceed expectations with second-quarter deliveries, it also inked a massive potential $5 billion deal with Volkswagen AG, helping drive the stock up 93% over the past three ...