Rivian’s Autonomy & AI Day Failed to Move the Needle for RIVN Stock. How Should You Play It Here?

Once positioned to be a “killer” in the electric vehicle industry, Rivian (RIVN), has been lagging the likes of Tesla (TSLA) and Google’s (GOOG) (GOOGL) Waymo both in terms of adoption and sales. Moreover, the company’s stock is down more than 80% from its IPO levels in 2021. For context, Tesla’s stock has more than doubled in this period. But Tesla has its hands full in other domains like artificial intelligence, and it seems like Rivian is making a strategic bet to drive future growth from AI as well. ...