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Rivian Stock: Buy, Sell, or Hold?
RIVNRivian Automotive(RIVN) The Motley Fool·2024-08-25 07:59

The electric vehicle manufacturer's second-quarter numbers looked particularly bad, but less so when looking from a long-term perspective.Rivian (RIVN 8.98%) lost a lot of money again in the second quarter of 2024. This is something investors should expect to continue, with management anticipating only a "modest" gross profit, at best, by the fourth quarter of the year. Given that data and outlook, is it worth buying an upstart electric vehicle (EV) maker that is still trying to get its business up and runn ...