This Ai Stock Can Double

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This Ai Stock Can Double

Rivian: This AI Stock Can Double By Year-End

What comes to mind when we talk about EVs and self-driving vehicles? Of course, the first name that comes to mind is Tesla. However, it is not the only company that makes EVs. In fact, there are many competitors that are following a high-growth trajectory.

One strong name in the EV space is Rivian. It makes electric vehicles and has also shifted its focus to self-driving vehicles. The company is also involved in AI and wants to become the next big thing in the EV space.

Rivian Is Making Affordable EVs

The company launched two EVs last year named R1T and R1S. Both of these vehicles cost more than $100K. However, things have changed with the new R2 SUV with a price tag under $50K. The company is also set to release more affordable models in the next 2-3 years.

The company is also working on improving its self-driving software by using AI technologies. Everyone knows that self-driving taxis will be worth trillions of Dollars. So, if Rivian can take the lead in this department, it could become the next thing.

The company is so focused on its future vision that it has also dropped the 2027 targets for profitability. They are heavily investing in AI and self-driving software.

There are also several signs that Rivian's strategy is working. A few months ago, Uber announced that it will invest $1.25 billion to get 50,000 R2 SUVs from Rivian. These vehicles will become Uber's robotaxi fleet. We might see similar moves by other companies in the near future.

So, if you are looking for a solid AI and EV stock, then consider Rivian. It is still under the radar when compared with the sheer scale of Tesla. Also, the way Rivian is spending big money on AI and EVs means it has the potential to become the next Tesla.

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