Why Now Is an Excellent Time to Buy Rivian Stock
At the same time, while sales of its existing R1-series models and commercial vans haven't been growing much, Rivian has been very busy making them less expensive to produce while simultaneously making them better vehicles. Rivian said last month that its cost of goods sold per vehicle dropped by more than $22,600 in the first quarter from a year earlier, even as it rolled out new features. Rivian also said last month that the R2's development is on schedule, by the way.
