Rivian Gears Up for a Comeback
Rivian Automotive (NASDAQ: RIVN) is making strides in the electric vehicle market as it prepares to launch its new R2 lineup of vehicles in early 2026. The new models will start at approximately $45,000, targeting the mass market. This comes as the company reports a substantial revenue growth of 78% in its latest quarterly results.
Despite facing a nearly 79% decline since its debut in 2021, Rivian’s growing brand recognition positions it as a potential leader in EVs, particularly as Tesla (NASDAQ: TSLA) shifts focus toward AI and robotics. Tesla’s price-to-earnings ratio exceeds 300, reflecting high investor expectations for its future endeavors.
