Rivian (RIVN) on the Path to Breakeven

Guggenheim initiates coverage of Rivian (RIVN) with a Buy rating and sees a “credible path” to breakeven gross margin in 4Q. The analyst believes that inflection in financials should support the stock in the near term. Caroline Woods discusses this as Rivian expects to cut material costs for its vans by 35%.

======== Schwab Network ========
Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-...
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-...
Watch on Sling - https://watch.sling.com/1/asset/19192...
Watch on Vizio - https://www.vizio.com/en/watchfreeplu...
Watch on DistroTV - https://www.distro.tv/live/schwab-net...
Follow us on X – Twitter: schwabnetwork
Follow us on Facebook – Facebook: schwabnetwork
Follow us on LinkedIn - LinkedIn: schwab-network

About Schwab Network - https://schwabnetwork.com/about

#investing #trading #finance #stocks #global #equities #markets #stockmarket #stockmarkettoday #rivian #rivn #ev #battery #energy