Is Rivian a Buy in this Struggling EV Market?

Rivian (NASDAQ:RIVN) stock had a strong Q1 2024, producing 13,980 vehicles and delivering 13,588, reaffirming its goal to produce 57,000 cars this year. ‘Despite the fact that RIVN stock had a 48% drop in 2024 because of recent losses, Rivian aims to improve cost management and production efficiency, with $7.86 billion in cash to fund expansion. Despite short-term concerns, Rivian Automotive has gained significant support from the local government. Rivian announced an $827 million incentive package from the ...