Rivian aims to achieve profitability by 2027, targeting significant cost reductions in EV components and enhancing production capacity, a crucial step for sustainability.
Despite facing challenges, including supply chain issues and high operational costs leading to losses approaching $30,000 per vehicle, Rivian continues to push for growth.
After an initial surge post-IPO, Rivian's stock has plummeted to $10.03 per share, reflecting a staggering 87.14% decrease from its peak value.
Investment firm Stifel revised its price target for Rivian to $16.00, yet maintains a 'Buy' rating, indicating potential optimism amidst challenges.
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