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StockNews.com
StockNews.com
Business
Anushka Dutta

Is June the Month to Buy Rivian Automotive (RIVN)?

Rivian Automotive, Inc. (RIVN) produces and sells Electric Vehicles (EVs) and accessories. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles.

The company expects demand for its pickups and sport-utility vehicles to remain stable through the year. RIVN also aims to accelerate production at its in-house drive unit ahead of plan. However, like several EV makers, RIVN deals with a cash crunch and layoffs.

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