Core Insights - Rivian Automotive, an electric vehicle manufacturer, has seen its stock price plummet from a peak of $172.01 post-IPO to approximately $13, significantly underperforming the S&P 500 [4][10] - The company faced challenges including supply chain issues, factory shutdowns, and a decline in consumer demand due to inflation and high interest rates, which have impacted its production and delivery rates [12][10] Company Performance - Rivian produced 24,337 vehicles and delivered 20,332 in 2022, but increased production to 57,232 vehicles and delivered 50,122 in 2023 [9][8] - The company expects to deliver between 40,000 to 46,000 vehicles in the current year, indicating a slowdown in growth [9][12] - Revenue for Rivian was $1.66 billion in 2022, increasing to $4.43 billion in 2023, with projections of $4.97 billion in 2024 [9][13] Financial Metrics - Rivian's market cap is currently around $16 billion, with a gross margin of -988.16% [7] - The company reported a net income loss of $6.75 billion in 2022, which narrowed to $5.43 billion in 2023, with expectations of further narrowing to $4.75 billion in 2024 [9][13] Future Outlook - Analysts predict a revenue increase of 32% to nearly $7 billion in 2026, driven by the launch of the R2 SUV and stabilization of existing vehicle sales [14] - By 2027, revenue is expected to surge by 62% to $11.32 billion, assuming successful scaling of R2 production and new plant operations in Georgia [15] Investment Considerations - Rivian's stock trades at just over 2 times next year's expected sales, compared to Tesla's 13 times, suggesting potential for speculative investment [16] - The upcoming launch of the R2 SUV is critical for Rivian's future success and could significantly impact its stock valuation [16]

Market Overview - The Nasdaq-100 Index has experienced a significant decline, falling into a 13.2% correction, with many stocks down 20% or more [1][2] Company Analysis: Remitly - Remitly is a key player in the remittance market, currently facing a 27% drawdown [3] - The company reported a 33% year-over-year revenue growth, reaching $352 million, driven by a 32% increase in active customers to 7.8 million and a 39% growth in send volume to $15.4 billion [4] - Remitly holds a 3% market share in remittances and has seen its revenue outside the U.S. and Canada grow at a 100% year-over-year rate, reaching $297.1 million in 2024, accounting for 23.5% of total revenue [5] - The company has a market cap of $3.9 billion and generated $1.26 billion in revenue in 2024, with projections of reaching $2.5 billion by 2027 and a potential net income of $500 million, resulting in a price-to-earnings ratio below 8 [7] Company Analysis: Coupang - Coupang is a leading e-commerce platform in South Korea, comparable to Amazon in North America, with a focus on rapid shipping and low-cost delivery [8] - The company generated $30 billion in revenue in 2024, reflecting a 29% growth on a foreign currency-neutral basis [9] - Coupang is expanding its offerings with new initiatives such as food delivery, international expansion into Taiwan, video streaming, and luxury shopping through an acquisition of Farfetch [10] - The company is projected to generate $50 billion in annual revenue in the coming years, with a potential net income of $5 billion, while currently having a market cap below $40 billion [11]