Rivian's Make-or-Break Moment: Can the ‘New Tesla' Deliver on 2024 Promises?

Electric Vehicle (EV) maker Rivian (NASDAQ:RIVN) stock is being hailed as “the new Tesla (NASDAQ:TSLA).”The idea is it has cool cars, it has a clear path toward scaling and profits, and it doesn’t have a crazy CEO. Instead, it has R.J. Scaringe, a 41-year old Florida native and the son of an engineer. But as a stock, the new Tesla is not much different from the old one. Shares are down 57% this year, the market cap below $10 billion. The problem isn’t supply, but demand.Nice Car You Got ThereI got to see a ...