Rivian Automotive's stock experienced a -2.21% pullback following a recent rally, raising concerns about its volatility despite a month-over-month increase of 4.06%. Since its IPO in November 2021, Rivian's share price has plummeted 91% from its peak of $180, highlighting challenges amid a substantial operating loss. Key institutional investors like Amazon hold significant stakes, and recent announcements reveal plans to cut production costs significantly by 2026, aiming for profitability by 2027 with new strategies and potential recovery in stock value projected through 2030.
Shares of Rivian Automotive pulled back -2.21%, slowing a five-day rally after a 5.44% gain, reflecting ongoing volatility in its stock performance.
Rivian aims to reduce material costs by 45% with a new platform and targets profitability by 2027, indicating a strategic shift toward sustainable growth.
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