Is Rivian Stock a Millionaire Maker?
I've been a big fan of Rivian Automotive (NASDAQ: RIVN) for some time. The company is clearly capable of tremendous growth. When it went public in 2021, Rivian was generating annual sales of just $55 million. In 2024, annual sales surpassed $5 billion.
The best news is that Rivian's biggest days of growth are likely still ahead of it. But is there enough upside potential in the stock to turn you into a millionaire? The answer might surprise you.
Rivian's historical growth trajectory has been promising. But it's not hard to imagine the company growing significantly during the next few years. Several major dominoes are set to fall during that time span. And even if there are some delays in management's timelines, Rivian's sales should grow significantly beginning next year.
Source Fool.com
