Rivian is currently trading around $15. Production for 2024 dipped to about 49,500 vehicles due to competition and interest rates, though total deliveries were up slightly. Guidance for 2025 is lower, with expected deliveries between 40,000 and 46,000. They are focused on launching the R2 in 2026 and using their VW joint venture to scale. Analysts project 31% annual revenue growth through 2027. It's trading at less than 3x sales, implying upside if they execute the expansion plan.