Hold On! Don't Buy Rivian Stock Ahead of Earnings. Wait for the Drop.
Rivian Automotive(RIVN) Investor Place·2024-08-07 01:43
Rivian Automotive (NASDAQ:RIVN) is a U.S.-based electric vehicle producer gearing up to release its second-quarter 2024 earnings after the bell on August 6. Based on its key financial and operational indicators, Rivian stock is a ‘Hold’ going into the upcoming earnings report. Production and delivery figures have met expectations, yet profitability still needs to be achieved. Additionally, the broader EV market is competitive and unstable at the micro-level. While there are positive trends among analysts’ t ...