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Rivian Stock Is Down but Not Out. A Wall Streeter Sees a Path for Profits.

Por: MarketWatch Business June 02, 2023

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In a note Friday, wrote that he is confidence that Rivian (ticker: RIVN) is on a path to positive gross profit margins after he paid a visit to its assembly plant in Normal, Illinois. The company still faces challenges, but improvements are in place. Things are, as he put it, “becoming more normal at Normal.” The progress that makes the stock attractive to Levy is a reduction in per-unit costs as well as tamped-down expectations from... + full article



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