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Posted by
Two Blokes May 16 -
Filed in
Stock
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2 views
Rivian Automotive, Inc. has shown positive revenue growth and improved bottom line results, but its stock remains overpriced compared to other automotive companies, warranting a 'sell' rating. Despite a 20.1% stock increase since March, Rivian's shares are still down 10.4% since last June, underperforming the S&P 500. Rivian's automotive revenue declined by 17.4% due to a significant drop in vehicle deliveries, though software and services revenue saw impressive growth.
