Rivian's stock rises 40% but remains down 40% from its 2022 peak; analysts see potential.

Rivian, an electric vehicle stock, has seen a 40% rise recently but remains 40% below its 2022 peak. Despite growing sales to over $4 billion annually, Rivian's valuation has dropped from $100 billion to $14 billion. The company plans to launch three new affordable models by 2026, aiming to achieve positive gross margins in February. Analysts recommend Rivian as a potentially undervalued long-term investment, despite current market volatility.