Ignore the Hype and Keep Hitting the Brakes on Rivian Stock

In 2024, Rivian Automotive (NASDAQ:RIVN) stock and many of its early-stage EV peers struggled, with some hitting record lows. Indeed, industry leader Tesla (NASDAQ:TSLA) has also lagged until recently. However, Tesla rebounded and is now performing well, while RIVN stock has more than doubled from its lows.This move has been driven by a key $5 billion strategic partnership with Volkswagen (OTCMKTS:VWAGY). Additionally, Rivian’s Q2 deliveries surpassed expectations, and the company reaffirmed its 2024 produc ...