Rivian's stock has suffered greatly this year, currently down over 30%. Despite a revenue miss in Q3, positive gross profit guidance for Q4 bolsters investor optimism.
The management's projection of a 'modest positive gross profit' in Q4 highlights the company's need for profitability, especially with the R2 SUV production starting next year.
Rivian's stock has declined significantly in the past two years. However, new product lines like the R2 and R3 could potentially lead to substantial stock gains.
Investors are encouraged to examine Rivian's potential for recovery from its recent decline, especially given interest from established automotive giants backing the company.
#rivian-automotive #electric-vehicles #stock-market #financial-performance #investment-opportunities
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