Rivian's Stock Grossly Undervalued? Fund Manager Predicts Tesla-Like Turnaround Following New Vehicle Line-Up Announcements - Rivian Automotive (NASDAQ:RIVN)

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Rivian's Stock Grossly Undervalued? Fund Manager Predicts Tesla-Like Turnaround Following New Vehicle Line-Up Announcements - Rivian Automotive (NASDAQ:RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) shares have seen a strong rebound from near record lows over the past two sessions, catalyzed by the unveiling of the electric-vehicle startup’s second-gen, affordable model R2, a smaller R3 model and a performance variant of the same model, codenamed R3X. A fund manager on Friday said the stock could be poised for further upside. What Happened: “$RIVN [Rivian] reminds me of $TSLA [Tesla] in 2019 when naysay…