Rivian Stock: Smart Investors Avoided This Unprofitable EV Maker (NASDAQ:RIVN)

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Justin Sullivan Investors in pure-play EV automaker Rivian Automotive, Inc. (NASDAQ:RIVN) have experienced significant volatility since my previous update in November 2023. While I anticipated RIVN's selling pressure had abated in my November article, I cautioned investors about turning bullish on RIVN. I highlighted that Rivian's lack of profitability is a crucial concern. Furthermore, I underscored the need for Rivian to demonstrate its ability to "continue scaling up on its R1 platform" while also "building up the underlying demand for its R2 and EDV in the medium term." Notwithstanding my caution, dip-buyers returned to RIVN, causing it to surge. However,...