1 Reason to Be Very, Very Excited About Rivian Stock Right Now

Some automakers are reining in their investments in electric vehicles (EVs). Sluggish demand and shifting regulatory climates have caused nearly every major automaker to cut investments, delay projects underway, and generally deemphasize the role EVs will play in their upcoming lineups. "It is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds," Volvo's CEO explained after it ditched plans to make its lineup 100% electric by 2030. While it will take some patience, all of this could end up being great news for Rivian (NASDAQ: RIVN), which expects to launch three new EVs in 2026 and 2027.In June, General Motors announced that it would invest $4 billion to expand production of gas-powered vehicles. "It blows my mind this is happening, but nonetheless it is," Rivian CEO RJ Scaringe responded, adding that the industry's deprioritization of EVs will end up being "very bad for the U.S. auto industry."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool