Recently, the electric vehicle industry has fallen out of favor with investors due to falling demand for electric vehicles and concerns that Fiske might file for bankruptcy.
A number of electric vehicle manufacturers such as Rivian Automotive (NASDAQ: RIVN), Lucid Group (LCID), and Tesla (TSLA) have shown signs of slowing growth, which has led to significant loss of value over the past year. Rivian's recent first-quarter earnings report also fell short of Wall Street's expectations.
Despite this, Rivian is sticking to its target of delivering 57,000 electric vehicles for the 2024 fiscal year, and now the EV maker's revenue momentum and unit economy are improving.
Although it may take longer than expected for this electric vehicle company to achieve profits, I think the risk-to-benefit ratio still tends to be positive for long-term investors!
Previous ratings
In February of this year, I strongly recommended buying Rivian shares. Since then, the company announced 17,541 electric vehicles produced in the fourth quarter, a record high: it will soon become a single-price stock, so what do we do now?
Despite the many challenges facing the electric vehicle industry in a market environment of low demand and continued inflation, I still think Rivian is moving in the right direction, especially given that it has confirmed delivery for the 2024 fiscal year...

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Kevin Travers- moomoo news
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