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Prediction: Rivian Will Soar Over the Next 3 Years. Here Are 2 Reasons Why.
Rivian (NASDAQ: RIVN) stock is priced at a bargain versus other electric car stocks like Tesla and Lucid Group. Shares trade at just 3 times sales versus nearly 7 times sales for Lucid and just over 12 times sales for Tesla. A lot of this discount is due to investor concerns over lackluster sales growth in recent quarters.But looking ahead, Rivian's sales have the potential to explode. Image source: Rivian.Continue reading
Rivian (NASDAQ: RIVN) stock is priced at a bargain versus other electric car stocks like Tesla and Lucid Group. Shares trade at just 3 times sales versus nearly 7 times sales for Lucid and just over 12 times sales for Tesla. A lot of this discount is due to investor concerns over lackluster sales growth in recent quarters.
But looking ahead, Rivian's sales have the potential to explode.
Image source: Rivian.
