As Rivian Automotive (NASDAQ:RIVN) trades just below its cash value, the debate surrounding the company is gaining momentum. Some investors are wondering whether the electric vehicle startup is currently undervalued, while others remain skeptical about its ability to deliver on its promises. Regardless of where one stands on the issue, there is no denying that Rivian has generated a lot of buzz in the EV industry with its innovative designs and strategic partnerships. As the company prepares to ramp up production and bring its vehicles to market, all eyes will be on whether it can live up to its hype and carve out a profitable niche in this competitive space.
Might it be possible for a new strategic or commercial sponsor to aid Rivian’s growth? There are reports that investors are reconsidering the connection between Rivian (RIVN) and Amazon (AMZN), as the two engage in talks to terminate exclusivity on the delivery van. Morgan Stanley has retained its Overweight rating on Rivian while taking into account the latest stock market and economic circumstances.
