RIVN — All updates

Rivian's management team told investors that by the end of 2026 they would be able to provide point-to-point autonomous driving capabilities. Therefore, if Rivian manages to develop and offer this technology, it could be an interesting selling point that increases car sales, as well as high-margin revenues; The program does not include a large cost of goods sold associated with each additional dollar.

James says, "Thanks for reviewing the AAL trade. I like to look at SoFi, Rivian, and F for similar type positions." And of course, MEA. Absolutely. Well, we have the Mera trade on. So, let's look at some new ones.

I have do not play Rivian ever. And I know there's lots of premium in it.

In November of 2021, the electric vehicle startup Rivian conducted a blockbuster IPO. On the first day of trading, its stock price surged, giving the company a market capitalization of $100 billion.

This was absurd when you consider that at this point, the company had yet to sell a single car. They started selling their R1 series of luxury EVs in 2022. While they generally received good reviews from critics, their high price points resulted in minuscule sales.

Rivian has incurred operating losses since inception and burns billions of dollars per year.