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Why Investors Should Put the Brakes On Rivian Stock

Since the company reported 2,553 units in the first quarter and has reported 1,410 units of production year to date until March, the next exit rate could be 410 units a week.

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  • Assuming that the company holds that run rate weekly, it could be 5,350 units of production and if the company improves the second quarter weekly rate by 10%, it could be a higher improvement in the second half of the year as compared to the second quarter.

Could Rivian Become the Next Tesla?

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  • He further says that Rivian is going to cope with this by expanding their suppliers and create their own battery cells.

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