Is Rivian Automotive Stock a Buy?
RIVNRivian Automotive(RIVN) The Motley Fool·2024-08-10 23:24

The electric vehicle maker still looks deeply undervalued.Rivian Automotive's (RIVN -5.23%) stock tumbled 7% on Aug. 7 after it posted a mixed second-quarter report. The electric vehicle (EV) maker's revenue rose 3% year over year to 1.16billionandexceededanalystsexpectationsby1.16 billion and exceeded analysts' expectations by 20 million.But its net loss widened from 1.2billionto1.2 billion to 1.46 billion, or 1.46pershare,missingtheconsensusforecastby1.46 per share, missing the consensus forecast by 0.21. It slightly narrowed its adjusted earnings before interest, taxes, depreciation, and amorti ...