1 "Boring" Stock to Buy Before Nov. 4

Core Viewpoint - Rivian Automotive is poised to announce significant developments next month that could revitalize its stock, which has been stagnant due to a lack of new product offerings and flat revenue growth [1][2]. Company Overview - Rivian's revenue has remained flat, with trailing revenue just above $5 billion in early 2024 and expected to remain the same into late 2025 [4]. - The company has not introduced new models since 2022, leading to a perception of being a "boring" stock [4][5]. Upcoming Developments - Rivian is set to announce its next quarterly earnings on November 4, which may include updates on three new models: the R2, R3, and R3X, expected to begin production next year [4][5]. - The R2 model is anticipated to start production early in the year, potentially marking a turning point for the company with vehicles priced under $50,000 [5]. Market Context - Rivian's situation contrasts with competitors like Tesla and Lucid Group, which have made headlines with new initiatives and partnerships, such as Tesla's robotaxi service and Lucid's deal with Uber [3]. - The upcoming earnings announcement could serve as a catalyst for renewed investor interest and excitement around Rivian's stock [5].