Stock Analysis of Rivian Automotive, Inc.
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Electric vehicle startup Rivian hopes to follow in the footsteps of automotive giant Tesla. With its sights set on the largely uncharted markets for fully electric pickup trucks and sports utility vehicles, it has hit some noteworthy milestones. Currently, it has more cash on hand than Tesla, and it has received substantial investment from companies like Amazon and Ford. But given its recent 60% share price drop, where does the company stand now?
- Description
Description
- Market Capitalization: $27,880 million
- Revenue: $150 million
- Profit: $-4,688 million
- Free cash flow: $ -4,416 million (annual)
- Country: U.S.A
Electric vehicle startup Rivian hopes to follow in the footsteps of automotive giant Tesla. With its sights set on the largely uncharted markets for fully electric pickup trucks and sports utility vehicles, it has hit some noteworthy milestones. Currently, it has more cash on hand than Tesla, and it has received substantial investment from companies like Amazon and Ford. But given its recent 60% share price drop, where does the company stand now?