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Stock impact report

Rivian: Path To Profitability [Seeking Alpha]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Seeking Alpha
Rivian achieved, however, sequential gross margin improvements and a strong production rebound, but faces short-term demand risks after the loss of federal EV tax credits. One key strength for Rivian is its $7.1B cash/investment position, which gives the EV maker a ~3-year liquidity run-way. The cash cushion supports the firm's ability to fund future vehicle launches and limits risks for investors. The stock trades at a fair forward price-to-revenue ratio of 2.7X, making Rivian way more affordable than EV rivals like Lucid. hapabapa/iStock Editorial via Getty Images Rivian Automotive, Inc. ( RIVN ) reported better-than-expected earnings for its September quarter at the beginning of the month, due to a boost in revenue in both key segments. The EV company trimmed its full-year delivery outlook in October, however, and now expects to deliver This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of RIVN either through stock ow Show less Read more
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