Rivian (NASDAQ:RIVN) stock has been on a relatively wacky ride of late. Amid a bolstered production outlook, investors bid up RIVN stock to fresh monthly highs last week.
Despite the optimism surrounding Rivian, it’s important to approach the situation with caution. The electric vehicle industry is highly-competitive, with established players and new entrants vying for market share.
Rivian still faces several challenges, including achieving consistent profitability, increasing production volumes, and effectively competing with other major automakers. Read on below to know more about what’s going on with Rivian.
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