Will Rivian Stock Hit $150 in 2022?
The electric vehicle (EV) market is an interesting one right now. The demand for EVs far exceeds the supply. Companies that can deliver quality electric vehicles have a ready market for them. In many cases, interested buyers are waiting for several months before they get the delivery of their dream EV. Several auto makers, old and new, are trying to fill the gap here.
What does this mean for Rivian (NASDAQ: RIVN), which delivered the first electric pickup truck ever in September 2021? Let's discuss that next.
As of Dec. 15, Rivian had produced 652 vehicles, and delivered 386. The company targeted 1,200 vehicle deliveries for 2021, and the numbers so far suggest that it will fall a little short of that target. However, the company remains confident of meeting its long-term production goals.
Source Fool.com
