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Is Rivian Stock a Millionaire Maker?

TheMotleyFool

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Is Rivian Stock a Millionaire Maker?Photo, wide shot, wide-angle lens, soft focus, Car manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-iZxNvwmEDAT2zuvMswp8MrIk.png?st=2023-05-08T05%3A56%3A42Z&se=2023-05-08T07%3A56%3A42Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-08T03%3A27%3A06Z&ske=2023-05-09T03%3A27%3A06Z&sks=b&skv=2021-08-06&sig=hpaom2wRNOR4VGolGAMc0MX1MdH9zOmjK0MSBHrfkTo%3D

Rivian (NASDAQ: RIVN) is gearing up for its launch of a new electric vehicle model next year, and is coming off a year in which it met gross profit milestones that unlocked additional funding from its partnership with .

That's the good news.

The bad news is that Rivian narrowed its vehicle delivery guidance for the year, the electric vehicle industry just had its federal tax credits axed, and the company reported a gross loss again in the most recent quarter.

Source Fool.com