1 Thing Every Rivian Investor Needs to Watch Right Now

Rivian Automotive (NASDAQ: RIVN) has a bright future. Next year, analysts expect the electric vehicle (EV) maker's sales to grow by more than 40%. The biggest catalyst for this growth will be its introduction of three new models, all of which are expected to be priced under $50,000. But one factor could put the company's future at risk. Any EV company that hopes to grow significantly must eventually launch affordable mass-market models. Today, more than 90% of Tesla's vehicle sales come from its two mass-market models: the Model 3 and Model Y. Rivian, meanwhile, has no affordable models. Its lowest-priced truck starts at about $70,000. But in 2026 and 2027, production of three new "mass market" models is set to begin, making Rivians accessible to millions of potential new buyers. Most Americans are looking to spend less than $50,000 on their next vehicle purchase. Federal EV tax credits -- which can total up to $7,500 -- effectively lower the prices that consumers pay for those vehicles, boosting demand for EVs across the board.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool