Whatever Happened To Rivian?

Rivian, the electric vehicle automaker, has had a tougher time than anticipated entering the electric vehicle market. Rivian has had to battle massive electric vehicle (EV) companies like Tesla, as well as companies like Ford, Hyundai, and more who have began producing electric vehicles (EVs) and entering the electric vehicle (EV) market. While Tesla has been struggling, they still own the majority of the electric vehicle (EV) market share, and Tesla is not looking to give up any more market share to new companies like Rivian. Additionally, Rivian has a bad money problem that I will explain in the video, which is led by the fact that Rivian loses money on every R1S and R1T they sell. However, Rivian recently introduced the R2 and R3 series of electric vehicles, which look extremely promising for the company. Is this the turning point for Rivian? Only time will tell.

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