Is Rivian Still Worth the Investment?
Is it time to give up on Rivian?
For investors, it can certainly be daunting to own shares of EV makers right now. High interest rates are making big purchase decisions more difficult, and demand has failed to accelerate with charging-infrastructure challenges and a lack of more affordable EV options.
More stability
While Fisker and Rivian are both pure EV plays, their situation is far from the same. Rivian has proven more capable of producing and delivering its vehicles, making its revenue stream more reliable.
- Rivian managed to produce 57,232 vehicles and delivered a much higher percentage compared to Fisker.
- Rivian boasts $9.4 billion in cash and $10.5 billion in total liquidity, making it more capable of raising capital.
The right direction
Rivian's net loss decreased in 2023, showing improvement in its financial performance. The company is making strategic moves like accelerating its production launch to optimize costs and capacity utilization.
2024 will be a challenging year, but unlike for Fisker, it's not time to give up on Rivian.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.