Rivian Automotive's Next Earnings Report on July 30 Could Send the Stock Soaring. Here's Why.
Rivian could reveal promising sales traction for its new SUV.
Overview
Rivian (NASDAQ:RIVN) reports earnings later this month. The stakes couldn’t be higher.
Earlier this year, Rivian officially began production of its R2 SUV. This model is the company’s first vehicle priced under $50,000.
Details
Previously, Rivian’s luxury vehicle lineup had starting prices of around $70,000 or greater. Given that 69% of Americans want to spend less than $50,000 on their next vehicle purchase, getting an affordable model to market enables Rivian to reach tens of millions of new potential buyers.
Source
Originally published at www.fool.com.
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