Buying Rivian requires conviction, as it is a textbook case of buying into (potential) earnings that may or may not materialize.
Rivian Stock: 3 Things the EV Maker's CEO Wants Investors to Know
Rivian has a $92 billion market cap even as it had produced only 652 vehicles and delivered 386 of those at the close of its first quarter as a public company.The company, of course, isn't trading based on what it has done so far, but instead on what investors expect the brand to deliver.That's still a very high bar for the company to reach as its market cap exceeds that of both Ford -Get Ford Motor Company Report and General Motors .Chief Executive RJ Scaringe, however, seems excited about the