HomeBusinessMaterials Stock NewsRivian (RIVN) on the Path to Breakeven

Rivian (RIVN) on the Path to Breakeven

Guggenheim initiates coverage of Rivian (RIVN) with a Buy rating and sees a “credible path” to breakeven gross margin in 4Q. The analyst believes that inflection in financials should support the stock in the near term. Caroline Woods discusses this as Rivian expects to cut material costs for its vans by 35%. 

Next Gen Investing

25 Jun 2024

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