Professional
Added to YB: 2024-05-10
Pitch date: 2024-03-31
RIVN [bullish]
Rivian Automotive, Inc.
+67.61%
current return
Author Info
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Company Info
Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories.
Market Cap
$19.1B
Pitch Price
$10.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.49
P/E
-4.96
EV/Sales
2.95
Sector
Automobiles
Category
turnaround
Show full summary:
Baron Global Advantage Fund Portfolio Holding: Rivian Automotive, Inc.
Rivian (RIVN) -53% in Q1 despite higher production & improved unit economics. Limited scale, negative gross margins & high cash burn remain headwinds. 2024 production growth impeded by facility upgrades. R2 & R3 unveil saw 68K pre-orders in 20hrs. R2 production in existing facility to reduce capex & boost utilization.
Read full article (1 min)