Here's Why Rivian Stock Is a Buy Before February 20

Group 1: Company Overview - Rivian is an electric vehicle (EV) manufacturer focusing on trucks, producing high-end consumer models and work trucks for business customers, with Amazon as a key partner [2] - The company has increased its production from zero to approximately 50,000 vehicles annually, which, while lower than competitors like Tesla and Ford, is sufficient to benefit from economies of scale [3] Group 2: Financial Performance and Goals - In 2024, Rivian's primary financial objective is to achieve a modest gross profit in the fourth quarter, indicating that manufacturing costs will be covered by vehicle sales revenue [5] - The company faced challenges in achieving its production targets due to parts shortages but managed to leverage its relationship with Amazon to maintain production levels [6] Group 3: Future Outlook - Rivian is expected to announce a modest gross profit on February 20, 2024, which would mark a significant turning point for the business, even if it does not occur until early 2025 [7] - Despite a significant decline in stock price from all-time highs, there is potential for material share price increases as the company progresses towards profitability [8]