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Is Rivian Stock a Buy Now?

The Motley Fool Logo The Motley Fool By Geoffrey Seiler
Is Rivian Stock a Buy Now?

Rivian reported strong Q3 vehicle deliveries of 13,201, up from 10,661 in Q2. The company is preparing to launch its more affordable R2 SUV in 2024, targeting broader market appeal and aiming for EBITDA breakeven by 2027. However, challenges include tariffs, loss of federal EV tax credits, and ongoing profitability concerns.

Insights
GOOGL   neutral

Facing potential market share threat from Atlas browser, but has strong existing market position and ongoing Gemini Chrome integration


RIVN   neutral

Mixed performance with solid delivery growth and promising R2 SUV launch, but facing challenges like negative gross margins, tariffs, and loss of EV tax credits