Rivian Is Making Significant Progress Toward Profitability

By Parkev Tatevosian, CFA – Updated May 17, 2024 at 4:51PM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$11B

Today's Change

(-0.46%) -$0.05

Current Price

$10.92

Price as of May 31, 2024, 4:00 p.m. ET

Rivian conducted a manufacturing facility upgrade that promises to improve efficiency.

Fool.com contributor Parkev Tatevosian discusses Rivian's (RIVN -0.46%) steps toward profitability.

*Stock prices used were the afternoon prices of May 15, 2024. The video was published on May 17, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.