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Why a Long-Term Investor Is Sticking With Tesla -2-

Barron's · 01/06/2023 03:30

We own Rivian Automotive [RIVN]. It has a great product, a truck with an outstanding market fit. And it has plenty of capital. That's a prerequisite to building these businesses at scale. In 2021, it raised $12 billion in an initial public offering, and now has about $14 billion in cash on the balance sheet and little debt. They've learned some things from Tesla's challenges as they grow their business.

Dave, thanks very much.

Write to Eric J. Savitz at eric.savitz@barrons.com

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January 06, 2023 03:30 ET (08:30 GMT)

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