Can Rivian Stock Cross the Electric Vehicle Death Valley?

Rivian (NASDAQ:RIVN) has lost 54% of its value in 2024. There are increasing concerns it can’t survive. Rivian stock is now worth just a little over twice its 2023 sales, or $10.7 billion. That’s still better than Ford Motor (NYSE:F) or General Motors (NYSE:GM), now trading at less than one-third their annual sales. Ford and GM are also profitable. Rivian is not. Far from it. Rivian’s net loss for the first quarter, $1.45 billion, was less than its $1.24 billion of revenue. Updates are expected at a June 27 ...