Think Rivian Stock Is Expensive? These 3 Charts Might Change Your Mind.
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Rivian Automotive (NASDAQ: RIVN) is one of the most exciting electric car stocks today. Over the next few years, its growth should explode higher thanks to the introduction of new, lower-priced models. But if you think the market is already pricing in this growth, think again. Rivian stock is far cheaper than you might suspect.Next year, everything will change for Rivian. That's because the company's new, lower priced R2 model is expected to begin production in early 2026. This will be Rivian's first vehicle priced under $50,000. Two additional vehicles under that price point -- the R3 and R3X -- are expected to launch soon after the R2 begins production. When Tesla launched its first affordable models -- the Model 3 and Model Y -- sales doubled, then tripled in the years that followed. Profits also improved dramatically due to greater economies of scale.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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