<p><strong>Rivian Automotive</strong>(RIVN -3.48%) 的股價已從其高點下跌了 90%。在 2025 年，它的股價下跌了約 30%。考慮到這兩個數字，很難相信對這家電動車（EV）公司有任何積極的看法，但實際上是有的。雖然 Rivian 顯然是一隻適合更激進投資者的股票，但以下是一些投資者可能想要毫不猶豫地購買它的三個理由。</p>
<h2>1. Rivian 的情緒非常消極</h2>
<p>顯然，考慮到股價的下跌，投資者對 Rivian 的看法與之前大相徑庭。然而，這更多是投資者像羊羣一樣的行為，而不是 Rivian 當前業務的反映。實際上，當 Rivian 上市時，投資者對與電動車相關的一切都充滿熱情，股價被推高到不切實際的高度。現在，投資者對電動車股票避而遠之，導致 Rivian 的巨大跌落。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ3NjQvMjRfMDZfMjYtYS1saW5lLW9mLXJpdmlhbi10cnVja3MtaW4tYS1wYXJraW5nLWxvdC1fbWYtZGxvYWQtaW1hZ2Utc291cmNlLXJpdmlhbi5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ3NjQvMjRfMDZfMjYtYS1saW5lLW9mLXJpdmlhbi10cnVja3MtaW4tYS1wYXJraW5nLWxvdC1fbWYtZGxvYWQtaW1hZ2Utc291cmNlLXJpdmlhbi5qcGcmdz03MDA"/></p>
<p>圖片來源：Rivian。</p>
<p>然而，Rivian 並沒有停滯不前。它仍在不斷發展其業務，並在此過程中達成重要里程碑（更多內容見下文）。它的資產負債表上仍有約 75 億美元的現金和短期投資，並且與關鍵合作伙伴有更多的資金承諾，以幫助其繼續推動業務發展。</p>
<p>雖然 Rivian 從零開始構建電動車的目標非常大膽，但它已經取得了很大成就，並且似乎有能力在可預見的未來繼續推進。</p>
<h2>2. Rivian 正在大規模運營</h2>
<p>Rivian 達到的最重要目標之一是實現大規模生產汽車。公平地説，它目前的年產量大約為 50,000 輛，尚未達到 <strong>特斯拉</strong>(TSLA -5.06%) 或傳統汽車製造商的水平。但它仍在運營一座高效運轉的大型工廠。許多已經倒閉的電動車製造商從未達到這一點。因此，這一成就不應被忽視或低估。</p>
<p>也就是説，這並不是終點。還有很多工作要做，Rivian 仍在推進其待辦事項清單。實際上，達到實質性生產規模是 2023 年的目標。在 2024 年，目標是更新生產線，以提高盈利能力。這實際上意味着減少損失，但這裏的重要事實是，Rivian 確實做到了，2024 年第四季度的淨虧損相較於 2023 年同季度減半。</p>
<h2>3. 毛利潤是實現正收益的第一步</h2>
<p>2024 年第四季度同比改善的主要原因是 Rivian 實現了在該季度獲得適度毛利潤的目標。這意味着這家電動車製造商銷售汽車的收入超過了生產成本。它並沒有覆蓋銷售、一般和管理（SG&amp;A）或研發（R&amp;D）費用，因此在 Rivian 成為一家盈利公司之前還有很長的路要走。但毛利潤是這一過程的第一步。</p>
<p>2025 年的大目標是全年實現適度毛利潤。考慮到計劃進行另一輪工廠停產以進行進一步升級，毛利潤可能會出現一些波動。例如，它故意在第一季度生產了額外的汽車，以便在停產期間有車可售。如果 Rivian 能夠實現全年毛利潤目標，或者即使在市場環境下接近這一目標，它將繼續取得成為可持續盈利業務所需的進展。</p>
<h2>Rivian 正在一步一步取得偉大成就</h2>
<p>從零開始建立一家汽車製造公司需要時間。這正是 Rivian 正在經歷的過程，儘管這可能對華爾街來説進展不夠快，但這並不意味着沒有取得重要進展。是的，距離公司實現可持續盈利還有很長的路要走。因此，這隻適合更激進的投資者。但如果你有這個承受能力，在投資者情緒低迷時購買 Rivian 是一個潛在的機會。如果它能夠繼續實現設定的目標，未來將有實質性的增長機會。</p>

RIVN

<p>Rivian Automotive 的股票從峯值下跌了 90%，但仍有理由考慮購買。儘管情緒消極，Rivian 正在以 75 億美元的現金推進，並實現生產規模，年產約 50,000 輛汽車。該公司最近實現了毛利潤，標誌着向盈利邁出了重要一步。儘管仍面臨挑戰，Rivian 的持續改進和增長潛力使其成為尋求利用未來成功的激進投資者的一個吸引人的選擇</p>

<p>Shares of <strong>Rivian Automotive</strong>(RIVN -3.48%) have fallen 90% from their high-water mark. They are down some 30% in 2025. Given those two numbers, it's hard to believe there's anything positive to say about this electric vehicle (EV) company, but there is. While Rivian is definitely a stock meant for more aggressive types, here are three reasons some investors might want to buy it like there's no tomorrow.</p>
<div class="lb-trans"><p><strong>Rivian Automotive</strong>(RIVN -3.48%) 的股價已從其高點下跌了 90%。在 2025 年，它的股價下跌了約 30%。考慮到這兩個數字，很難相信對這家電動車（EV）公司有任何積極的看法，但實際上是有的。雖然 Rivian 顯然是一隻適合更激進投資者的股票，但以下是一些投資者可能想要毫不猶豫地購買它的三個理由。</p>
</div><h2>1. The mood around Rivian is very negative</h2>
<div class="lb-trans"><h2>1. Rivian 的情緒非常消極</h2>
</div><p>Clearly, given the stock price declines, investors do not see Rivian the same way as they did before. That, however, is more a function of the lemming-like nature of investors than anything about Rivian's business right now. Essentially, when Rivian came public investors were enamored with anything related to electric vehicles and the stock price was bid up to unrealistic heights. Now investors shy away from EV stocks, leading to Rivian's massive fall from grace.</p>
<div class="lb-trans"><p>顯然，考慮到股價的下跌，投資者對 Rivian 的看法與之前大相徑庭。然而，這更多是投資者像羊羣一樣的行為，而不是 Rivian 當前業務的反映。實際上，當 Rivian 上市時，投資者對與電動車相關的一切都充滿熱情，股價被推高到不切實際的高度。現在，投資者對電動車股票避而遠之，導致 Rivian 的巨大跌落。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ3NjQvMjRfMDZfMjYtYS1saW5lLW9mLXJpdmlhbi10cnVja3MtaW4tYS1wYXJraW5nLWxvdC1fbWYtZGxvYWQtaW1hZ2Utc291cmNlLXJpdmlhbi5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F814764%2F24_06_26-a-line-of-rivian-trucks-in-a-parking-lot-_mf-dload-image-source-rivian.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Rivian.</p>
<div class="lb-trans"><p>圖片來源：Rivian。</p>
</div><p>Only Rivian hasn't been floundering along doing nothing. It is still building out its business and hitting important milestones along the way (more on this below). And it still has around $7.5 billion worth of cash and short-term investments on its balance sheet, with commitments for more from key partners, to help it continue moving its business forward.</p>
<div class="lb-trans"><p>然而，Rivian 並沒有停滯不前。它仍在不斷發展其業務，並在此過程中達成重要里程碑（更多內容見下文）。它的資產負債表上仍有約 75 億美元的現金和短期投資，並且與關鍵合作伙伴有更多的資金承諾，以幫助其繼續推動業務發展。</p>
</div><p>While Rivian's goal of building an EV truck from the ground up is audacious, it has achieved a great deal and appears to have the wherewithal to continue its progress for the foreseeable future.</p>
<div class="lb-trans"><p>雖然 Rivian 從零開始構建電動車的目標非常大膽，但它已經取得了很大成就，並且似乎有能力在可預見的未來繼續推進。</p>
</div><h2>2. Rivian is operating at scale</h2>
<div class="lb-trans"><h2>2. Rivian 正在大規模運營</h2>
</div><p>One of the most important goals Rivian has reached is producing cars at scale. To be fair, the roughly 50,000 a year production level it is hovering around isn't on par with <strong>Tesla</strong>(TSLA -5.06%) or with the legacy automakers. But it still operates a large factory that is running at a high level. The many EV makers that have fallen by the wayside never got to this point. So this achievement shouldn't be overlooked or shortchanged.</p>
<div class="lb-trans"><p>Rivian 達到的最重要目標之一是實現大規模生產汽車。公平地説，它目前的年產量大約為 50,000 輛，尚未達到 <strong>特斯拉</strong>(TSLA -5.06%) 或傳統汽車製造商的水平。但它仍在運營一座高效運轉的大型工廠。許多已經倒閉的電動車製造商從未達到這一點。因此，這一成就不應被忽視或低估。</p>
</div><p>That said, it also isn't the end of the road. There is a lot more to be done, and Rivian is still moving forward on its to-do list. In fact, reaching material production scale was the 2023 goal. In 2024, the goal was to update its production line so it could improve its profitability. That really means reduce its losses, but the important fact here is that Rivian did just that, with its net loss in the fourth quarter of 2024 being cut in half relative to its loss in the same stanza of 2023.</p>
<div class="lb-trans"><p>也就是説，這並不是終點。還有很多工作要做，Rivian 仍在推進其待辦事項清單。實際上，達到實質性生產規模是 2023 年的目標。在 2024 年，目標是更新生產線，以提高盈利能力。這實際上意味着減少損失，但這裏的重要事實是，Rivian 確實做到了，2024 年第四季度的淨虧損相較於 2023 年同季度減半。</p>
</div><h2>3. A gross profit is the first step toward positive earnings</h2>
<div class="lb-trans"><h2>3. 毛利潤是實現正收益的第一步</h2>
</div><p>The big reason for the year-over-year improvement in the fourth quarter of 2024 was that Rivian achieved its goal of turning a modest gross profit in the quarter. That just means that the EV maker made more selling its cars that it cost to produce them. It didn't cover its selling, general and administrative (SG&amp;A) or research and development (R&amp;D) expenses, so there's still a long way to go before Rivian is a profitable company. But a gross profit is the first step in the process.</p>
<div class="lb-trans"><p>2024 年第四季度同比改善的主要原因是 Rivian 實現了在該季度獲得適度毛利潤的目標。這意味着這家電動車製造商銷售汽車的收入超過了生產成本。它並沒有覆蓋銷售、一般和管理（SG&amp;A）或研發（R&amp;D）費用，因此在 Rivian 成為一家盈利公司之前還有很長的路要走。但毛利潤是這一過程的第一步。</p>
</div><p>The big goal for 2025 is to turn a modest gross profit for the entire year. Given that there's another factory shutdown planned, for further upgrades, there could be some ups and downs on the gross profit line along the way. For example, it purposefully produced extra cars in the first quarter so it would have cars to sell through the shutdown. If Rivian can achieve its full-year gross profit goal, or even if it just comes close given the market environment, it will be continuing to make the progress it needs to be a sustainably profitable business.</p>
<div class="lb-trans"><p>2025 年的大目標是全年實現適度毛利潤。考慮到計劃進行另一輪工廠停產以進行進一步升級，毛利潤可能會出現一些波動。例如，它故意在第一季度生產了額外的汽車，以便在停產期間有車可售。如果 Rivian 能夠實現全年毛利潤目標，或者即使在市場環境下接近這一目標，它將繼續取得成為可持續盈利業務所需的進展。</p>
</div><h2>Rivian is achieving great things one step at a time</h2>
<div class="lb-trans"><h2>Rivian 正在一步一步取得偉大成就</h2>
</div><p>It takes time to build a car manufacturing company from the ground up. That is what is playing out at Rivian and, while it may not be happening quickly enough for Wall Street, this doesn't mean that important progress isn't being made. Yes, there is a long way to go before the company is sustainably profitable. And, because of that, it is only appropriate for more aggressive investors. But if you have the stomach for it, buying Rivian while investors are so downbeat is a potential chance to get in on the ground floor. Assuming it keeps hitting the goals it lays out, there is a material opportunity for growth ahead.</p>
<div class="lb-trans"><p>從零開始建立一家汽車製造公司需要時間。這正是 Rivian 正在經歷的過程，儘管這可能對華爾街來説進展不夠快，但這並不意味着沒有取得重要進展。是的，距離公司實現可持續盈利還有很長的路要走。因此，這隻適合更激進的投資者。但如果你有這個承受能力，在投資者情緒低迷時購買 Rivian 是一個潛在的機會。如果它能夠繼續實現設定的目標，未來將有實質性的增長機會。</p>
</div>

購買 Rivian Automotive 股票的三個理由，彷彿沒有明天