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Prediction: Buying Rivian Stock Today Could Set You Up for Life
The Motley Fool·
Rivian is following Tesla's growth strategy by launching affordable EVs and pivoting toward autonomous vehicles and robotaxis. Trading at 3.2x sales with a sub-$20 billion market cap compared to Tesla's $1.2 trillion valuation, Rivian offers a discounted entry point into the robotaxi market. The company received validation through Uber's $1.25 billion deal to purchase up to 50,000 R2 SUVs for its robotaxi division.
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