{"id":11113,"date":"2026-06-28T08:01:00","date_gmt":"2026-06-28T08:01:00","guid":{"rendered":"https:\/\/iocharts.io\/blog\/?p=11113"},"modified":"2026-08-20T10:58:57","modified_gmt":"2026-08-20T10:58:57","slug":"rivian-reszveny-elemzes","status":"publish","type":"post","link":"https:\/\/iocharts.io\/blog\/rivian-reszveny-elemzes\/","title":{"rendered":"Rivian r\u00e9szv\u00e9ny: a 85%-ot zuhant EV-sztori","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Mir\u0151l sz\u00f3l a Piaci Impulzus rovat?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A Rivian r\u00e9szv\u00e9ny az elm\u00falt \u00e9vek egyik legl\u00e1tv\u00e1nyosabb t\u0151zsdei ki\u00e1br\u00e1ndul\u00e1s\u00e1t sz\u00e1ll\u00edtotta: aki a 2021-es IPO-m\u00e1morban, k\u00f6zel 100 USD-s \u00e1rfolyamon v\u00e1s\u00e1rolt, az a t\u0151k\u00e9je t\u00f6bb mint 85%-\u00e1t l\u00e1tta elp\u00e1rologni. M\u00e9gis, 2025-ben t\u00f6rt\u00e9nt valami, ami meg\u00e9rdemel egy k\u00f6zelebbi pillant\u00e1st: a Rivian a fenn\u00e1ll\u00e1sa \u00f3ta el\u0151sz\u00f6r termelt pozit\u00edv brutt\u00f3 marzsot, mik\u00f6zben a h\u00e1tt\u00e9rben k\u00e9t \u00f3ri\u00e1s, a Volkswagen \u00e9s az Amazon, tartja \u00e9letben a c\u00e9get. A k\u00e9rd\u00e9s adott: ez egy val\u00f3di fordulat kezdete, vagy egy klasszikus \u00e9rt\u00e9kcsapda, ahol az olcs\u00f3s\u00e1g csak optikai csal\u00f3d\u00e1s?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nem tudom, tiszt\u00e1ban vagytok-e vele, de egy alapos fundament\u00e1lis m\u00e9lyelemz\u00e9s elk\u00e9sz\u00edt\u00e9se 40\u201350 \u00f3r\u00e1t is ig\u00e9nybe vehet. Befektet\u0151k\u00e9nt ennyi energi\u00e1t minden egyes c\u00e9g elemz\u00e9s\u00e9be lehetetlen beletenni, ha kell\u0151en hossz\u00fa figyel\u0151list\u00e1t szeretn\u00e9tek hat\u00e9konyan kezelni. <strong>Ez\u00e9rt hoztam l\u00e9tre a Piaci Impulzus rovatot, amely betekint\u00e9st enged pillanatk\u00e9p gyan\u00e1nt egy-egy r\u00e9szv\u00e9nybe, most \u00e9ppen a Rivian dolgaiba, \u00e9s nagyj\u00e1b\u00f3l felv\u00e1zolja az aktualit\u00e1sokat.<\/strong> Nem m\u00e9lyelemz\u00e9s, ink\u00e1bb csak gondolat\u00e9breszt\u0151 a pillanatnyi \u00e1llapot alapj\u00e1n.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\u261d\ufe0f<strong>A c\u00e9lom nem napi keresked\u00e9si tippek osztogat\u00e1sa vagy technikai alakzatok elemz\u00e9se. Helyette gyors, l\u00e9nyegre t\u00f6r\u0151 fundament\u00e1lis minielemz\u00e9seket adok k\u00f6zre, amik seg\u00edtenek az el\u0151sz\u0171r\u00e9sben. Ezek az impulzusok seg\u00edtenek \u00e9szben tartani, hogy az adott v\u00e1llalat vagy m\u00e1s piaci szerepl\u0151k aktu\u00e1lis \u00e1rfolyammozg\u00e1sa \u00e9rdemel-e m\u00e9lyebb vizsg\u00e1latot, vagy csak egy fut\u00f3 piaci jelens\u00e9gr\u0151l van sz\u00f3.<\/strong><\/mark><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">A r\u00e9szv\u00e9ny aloldal\u00e1t r\u00e9szletes adatokkal itt tal\u00e1lj\u00e1tok: <a class=\"nturl\" href=\"https:\/\/iocharts.io\/stocks\/RIVN\" target=\"_blank\" rel=\"noreferrer noopener\">RIVN r\u00e9szv\u00e9ny oldal<\/a><br>Ha az oldal m\u00e9lyelemz\u00e9seit keresitek, akkor az al\u00e1bbi linkre nyomjatok: <a href=\"https:\/\/iocharts.io\/blog\/category\/reszvenyelemzes\/\" target=\"_blank\" rel=\"noreferrer noopener\">iO Charts r\u00e9szv\u00e9nyelemz\u00e9sek<\/a><\/p>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/?aff_id=155122\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">A Rivian r\u00e9szv\u00e9ny \u00e1rfolyama a TradingView fel\u00fclet\u00e9n<\/span><\/a><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-symbol-overview.js\" async>\n  {\n  \"lineWidth\": 2,\n  \"lineType\": 0,\n  \"chartType\": \"area\",\n  \"fontColor\": \"rgb(106, 109, 120)\",\n  \"gridLineColor\": \"rgba(46, 46, 46, 0.06)\",\n  \"volumeUpColor\": \"rgba(34, 171, 148, 0.5)\",\n  \"volumeDownColor\": \"rgba(247, 82, 95, 0.5)\",\n  \"backgroundColor\": \"#ffffff\",\n  \"widgetFontColor\": \"#0F0F0F\",\n  \"upColor\": \"#22ab94\",\n  \"downColor\": \"#f7525f\",\n  \"borderUpColor\": \"#22ab94\",\n  \"borderDownColor\": \"#f7525f\",\n  \"wickUpColor\": \"#22ab94\",\n  \"wickDownColor\": \"#f7525f\",\n  \"colorTheme\": \"light\",\n  \"isTransparent\": false,\n  \"locale\": \"en\",\n  \"chartOnly\": false,\n  \"scalePosition\": \"right\",\n  \"scaleMode\": \"Normal\",\n  \"fontFamily\": \"-apple-system, BlinkMacSystemFont, Trebuchet MS, Roboto, Ubuntu, sans-serif\",\n  \"valuesTracking\": \"1\",\n  \"changeMode\": \"price-and-percent\",\n  \"symbols\": [\n    [\n      \"NASDAQ:RIVN|60M\"\n    ]\n  ],\n  \"dateRanges\": [\n    \"1d|1\",\n    \"1m|30\",\n    \"3m|60\",\n    \"12m|1D\",\n    \"60m|1W\",\n    \"all|1M\"\n  ],\n  \"fontSize\": \"10\",\n  \"headerFontSize\": \"medium\",\n  \"autosize\": false,\n  \"width\": \"100%\",\n  \"height\": 400,\n  \"noTimeScale\": false,\n  \"hideDateRanges\": false,\n  \"hideMarketStatus\": false,\n  \"hideSymbolLogo\": false\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcd2Tartalomjegyz\u00e9k\ud83d\udcd2<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L\u00e9trehoztam egy tartalomjegyz\u00e9ket, hogy k\u00f6nnyebben tudjatok navig\u00e1lni a tartalmakban:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#mitcsinal\">Mit csin\u00e1l a Rivian?<\/a><\/li>\n\n\n\n<li><a href=\"#helyzete\">A Rivian jelenlegi helyzete \u00e9s vet\u00e9lyt\u00e1rsai<\/a><\/li>\n\n\n\n<li><a href=\"#metrikai\">A Rivian metrik\u00e1i<\/a><\/li>\n\n\n\n<li><a href=\"#megszoksz\">A Rivian: megszoksz vagy megsz\u00f6ksz?<\/a><\/li>\n\n\n\n<li><a href=\"#osszegzese\">A Rivian t\u00e9zis \u00f6sszegz\u00e9se<\/a><\/li>\n\n\n\n<li><a href=\"#gyik\">Gyakran Ism\u00e9telt K\u00e9rd\u00e9sek<\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"mitcsinal\">Mit csin\u00e1l a Rivian?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A Rivian Automotive-ot 2009-ben alap\u00edtotta RJ Scaringe, az MIT-n doktor\u00e1lt m\u00e9rn\u00f6k, aki m\u00e1ig a c\u00e9g vez\u00e9rigazgat\u00f3ja, ez a fajta alap\u00edt\u00f3-vezet\u0151 folytonoss\u00e1g az aut\u00f3iparban ritkas\u00e1g. A c\u00e9g pr\u00e9mium elektromos j\u00e1rm\u0171veket fejleszt, gy\u00e1rt \u00e9s \u00e9rt\u00e9kes\u00edt, k\u00f6zvetlen\u00fcl a v\u00e1s\u00e1rl\u00f3knak (klasszikus keresked\u0151i h\u00e1l\u00f3zat n\u00e9lk\u00fcl).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-pickup-2-1024x576.jpg.webp\" alt=\"Rivian R1T pickup\" class=\"wp-image-11663 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-pickup-2-1024x576.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-pickup-2-414x233.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-pickup-2-768x432.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-pickup-2-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s: <a href=\"https:\/\/www.caranddriver.com\/rivian\/r1t\" target=\"_blank\" rel=\"noreferrer noopener\">Car and Driver<\/a>, Rivian R1T pickup<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A term\u00e9kportf\u00f3li\u00f3 h\u00e1rom l\u00e1bon \u00e1ll:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\ude99 <strong>R1 platform:<\/strong> az R1T pickup \u00e9s az R1S SUV, jellemz\u0151en 70\u2013100 ezer USD-s \u00e1rs\u00e1vban. Ezek a kritikusok \u00e1ltal dics\u00e9rt, terepk\u00e9pes pr\u00e9mium villanyaut\u00f3k, amelyek megalapozt\u00e1k a m\u00e1rka h\u00edrnev\u00e9t.<\/li>\n\n\n\n<li>\ud83d\udce6 <strong>Kereskedelmi szegmens:<\/strong> az Electric Delivery Van (EDV), amelyet eredetileg az Amazon megrendel\u00e9s\u00e9re fejlesztettek ki (100 000 darabos keretmeg\u00e1llapod\u00e1s), m\u00e1ra m\u00e1s flotta\u00fczemeltet\u0151k sz\u00e1m\u00e1ra is el\u00e9rhet\u0151.<\/li>\n\n\n\n<li>\ud83d\udd1c <strong>R2 \u00e9s R3:<\/strong> a t\u00f6megpiacra sz\u00e1nt, l\u00e9nyegesen olcs\u00f3bb (~45 000 USD-t\u00f3l indul\u00f3) modellek, amelyek a Rivian eg\u00e9sz j\u00f6v\u0151k\u00e9p\u00e9nek sarokk\u00f6vei. Az R2 ind\u00edt\u00e1sa 2026-ra van id\u0151z\u00edtve, de jelenleg ezek m\u00e9g nem kaphat\u00f3k a piacon.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"768\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RS1-1024x768.jpeg.webp\" alt=\"Rivian R1S pickup\" class=\"wp-image-11664 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/768;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RS1-1024x768.jpeg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RS1-414x311.jpeg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RS1-768x576.jpeg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RS1-scaled.jpeg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s: Road and Track, Rivian R1S pickup<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A c\u00e9g vertik\u00e1lisan integr\u00e1lt: a szoftvert, az elektromos architekt\u00far\u00e1t (z\u00f3n\u00e1lis fel\u00e9p\u00edt\u00e9s) \u00e9s a hajt\u00e1sl\u00e1ncot is h\u00e1zon bel\u00fcl fejleszti. Ez egyszerre er\u0151ss\u00e9g (val\u00f3di technol\u00f3giai differenci\u00e1l\u00e1s) \u00e9s teher (brut\u00e1lis t\u0151keig\u00e9ny).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-1024x726.jpg.webp\" alt=\"a Rivian r\u00e9szv\u00e9ny \u00e1rfolyama rendesen \u00f6sszezuhant\" class=\"wp-image-11668 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-price-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian r\u00e9szv\u00e9ny \u00e1rfolyama rendesen \u00f6sszezuhant<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ud83d\udcccGyakorlatban:<\/strong> a Rivian a gyakorlatban egy niche &#8222;wannabe&#8221; elektromos aut\u00f3gy\u00e1rt\u00f3, aminek a m\u00e9rete m\u00e9g nem m\u00e9rhet\u0151 a t\u00f6bbi elektromos aut\u00f3s konkurenshez, mondjuk az amerikai Tesla-hoz vagy a k\u00ednai BYD, Cherry \u00e9s hasonl\u00f3 v\u00e1llalatokhoz. Els\u0151sorban technol\u00f3giai el\u0151ny\u00fck van, amiket m\u00e1s c\u00e9gek finansz\u00edroznak. A lenti t\u00e1bl\u00e1zatban l\u00e1that\u00f3, hogy a t\u00e9nylegesen az utakon l\u00e9v\u0151 j\u00e1rm\u0171veik sz\u00e1ma a t\u00f6red\u00e9k\u00e9t sem \u00e9ri el a nagy gy\u00e1rt\u00f3knak, hiszen \u00f6sszesen nem besz\u00e9l\u00fcnk 200 000 darab j\u00e1rm\u0171r\u0151l. Ezzel szemben a 2026-os \u00e9vre az el\u0151rejelzett becsl\u00e9s 62-67 000 darabr\u00f3l sz\u00f3l.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00c9ves lesz\u00e1ll\u00edt\u00e1sok (sz\u00e1ll\u00edtott j\u00e1rm\u0171vek):<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u00c9v<\/th><th>Lesz\u00e1ll\u00edtott<\/th><th>Legy\u00e1rtott<\/th><\/tr><\/thead><tbody><tr><td>2021<\/td><td>920<\/td><td>1 015<\/td><\/tr><tr><td>2022<\/td><td>20 332<\/td><td>24 337<\/td><\/tr><tr><td>2023<\/td><td>50 122<\/td><td>57 232<\/td><\/tr><tr><td>2024<\/td><td>51 579<\/td><td>49 476<\/td><\/tr><tr><td>2025<\/td><td>42 247<\/td><td>42 284<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/lightyear.com\/en-eu\/profile\/jozsef491\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9688 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"helyzete\">Jelenlegi helyzet \u00e9s vet\u00e9lyt\u00e1rsak<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A Rivian jelenleg ott tart, ahol a legt\u00f6bb fiatal aut\u00f3gy\u00e1rt\u00f3 elbukik. A pr\u00e9mium R1-modellek piaca tel\u00edtett \u00e9s sz\u0171k, az EV-kereslet \u00e1ltal\u00e1nos lassul\u00e1sa, valamint az amerikai 7500 USD-s ad\u00f3j\u00f3v\u00e1\u00edr\u00e1s fokozatos kivezet\u00e9se pedig pont a legrosszabbkor \u00e9rkezett. Ennek eredm\u00e9nye a sz\u00e1mokban is l\u00e1tszik: a legy\u00e1rtott j\u00e1rm\u0171vek sz\u00e1ma <strong>2023-ban 57 ezer volt, 2025-re viszont 42 ezerre esett vissza<\/strong>, vagyis a volumen nem n\u0151, hanem cs\u00f6kken. a Riviannak r\u00e1ad\u00e1sul nincsen meg az ami a Teslanak megvolt: a first movers advantage. Ugyanis a piac m\u00e1r nagyon nem \u00fcres, a k\u00ednai m\u00e1rk\u00e1k ontj\u00e1k a k\u00fcl\u00f6nb\u00f6z\u0151 elektromos modelleket, de Eur\u00f3pa sem t\u00e9tlenkedik.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-be-gyaz-s wp-block-embed-be-gyaz-s\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"aASTV4sALM\"><a href=\"https:\/\/iocharts.io\/blog\/tesla-tsla-reszveny-az-autogyarbol-lett-ai-vallalat\/\">Tesla (TSLA) r\u00e9szv\u00e9ny: az aut\u00f3gy\u00e1rb\u00f3l lett AI-v\u00e1llalat<\/a><\/blockquote><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Tesla (TSLA) r\u00e9szv\u00e9ny: az aut\u00f3gy\u00e1rb\u00f3l lett AI-v\u00e1llalat&#8221; &#8212; \" data-src=\"https:\/\/iocharts.io\/blog\/tesla-tsla-reszveny-az-autogyarbol-lett-ai-vallalat\/embed\/#?secret=wfgCdrlhP3#?secret=aASTV4sALM\" data-secret=\"aASTV4sALM\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A versenyt\u00e1rsak minden ir\u00e1nyb\u00f3l szor\u00edtj\u00e1k:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udd0b a Tesla tov\u00e1bbra is a referenciapont sk\u00e1l\u00e1ban \u00e9s k\u00f6lts\u00e9ghat\u00e9konys\u00e1gban, r\u00e1ad\u00e1sul a Tesla 2025-ben 1.6 milli\u00f3 j\u00e1rm\u0171vet sz\u00e1ll\u00edtott le, ami 1 nagys\u00e1grenddel t\u00f6bb,  mint amire a Rivian k\u00e9pes volt;<\/li>\n\n\n\n<li>\ud83d\udefb a hagyom\u00e1nyos \u00f3ri\u00e1sok (Ford F-150 Lightning, GM) a pickup-szegmensben t\u00e1madnak;<\/li>\n\n\n\n<li>\ud83c\udde8\ud83c\uddf3 a k\u00ednai gy\u00e1rt\u00f3k pedig glob\u00e1lisan nyomj\u00e1k lefel\u00e9 az \u00e1rakat, r\u00e1ad\u00e1sul remek\u00fcl berendezkedtek t\u00f6meggy\u00e1rt\u00e1sra. P\u00e9ld\u00e1ul a BYD-nek siker\u00fclt felfuttatnia a termel\u00e9s\u00e9t 4.8 milli\u00f3 darabra, aminek a Rivian m\u00e9g az 1%-\u00e1t sem \u00e9ri el.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-be-gyaz-s wp-block-embed-be-gyaz-s\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"9UgpWmpSgO\"><a href=\"https:\/\/iocharts.io\/blog\/volkswagen-reszveny-az-autoipari-kolosszus-a-lejton-vagy-ertekcsapda\/\">Volkswagen r\u00e9szv\u00e9ny: az aut\u00f3ipari kolosszus a lejt\u0151n vagy \u00e9rt\u00e9kcsapda?<\/a><\/blockquote><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Volkswagen r\u00e9szv\u00e9ny: az aut\u00f3ipari kolosszus a lejt\u0151n vagy \u00e9rt\u00e9kcsapda?&#8221; &#8212; \" data-src=\"https:\/\/iocharts.io\/blog\/volkswagen-reszveny-az-autoipari-kolosszus-a-lejton-vagy-ertekcsapda\/embed\/#?secret=x37txWzGPV#?secret=9UgpWmpSgO\" data-secret=\"9UgpWmpSgO\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A Rivian fegyvere ezzel szemben nem a m\u00e9ret, hanem a szoftver \u00e9s a felhaszn\u00e1l\u00f3i \u00e9lm\u00e9ny, ezt pr\u00f3b\u00e1lja most p\u00e9nzz\u00e9 tenni a k\u00e9t nagy sz\u00f6vets\u00e9ges\u00e9n kereszt\u00fcl.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-1024x726.jpg.webp\" alt=\"a Rivian j\u00e1rm\u0171gy\u00e1rt\u00e1si adatai\" class=\"wp-image-11667 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-RIVN-delivery-rates-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian j\u00e1rm\u0171gy\u00e1rt\u00e1si adatai<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">A k\u00e9t nagy sz\u00f6vets\u00e9ges: Volkswagen \u00e9s Amazon<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Itt v\u00e1lik a Rivian-t\u00f6rt\u00e9net igaz\u00e1n \u00e9rdekess\u00e9, mert a r\u00e9szv\u00e9nyesi tulajdonosok k\u00f6z\u00f6tt k\u00e9t olyan n\u00e9v szerepel, amely \u00f6nmag\u00e1ban is meg\u00e9rne egy mis\u00e9t:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\udfed <strong>Volkswagen International America: 28.3% tulajdonr\u00e9s,<strong> ami a jelenlegi \u00e9rt\u00e9kelts\u00e9g mellett 5.3 milli\u00e1rd USD-t jelent.<\/strong> .<\/strong> A n\u00e9met \u00f3ri\u00e1s egy k\u00f6z\u00f6s v\u00e1llalat keret\u00e9ben ak\u00e1r 5.8 milli\u00e1rd USD-t is a Rivianba fektethet, cser\u00e9be hozz\u00e1f\u00e9r\u00e9st kap a Rivian szoftver- \u00e9s elektromos architekt\u00far\u00e1j\u00e1hoz. Ez egyszerre t\u0151keinjekci\u00f3 \u00e9s a technol\u00f3gia k\u00fcls\u0151 valid\u00e1ci\u00f3ja: ha a vil\u00e1g egyik legnagyobb aut\u00f3gy\u00e1rt\u00f3ja a Rivian z\u00f3n\u00e1lis architekt\u00far\u00e1j\u00e1t akarja haszn\u00e1lni, az t\u00f6bbet mond a szoftver min\u0151s\u00e9g\u00e9r\u0151l, mint b\u00e1rmilyen marketinganyag. K\u00fcl\u00f6n\u00f6sen \u00fagy, hogy a kor\u00e1bbi Volkswagen ID platformra \u00e9p\u00fcl\u0151 modellek olyan nagyot nem mentek.<\/li>\n\n\n\n<li>\ud83d\udce6 <strong>Amazon: 12.57% tulajdonr\u00e9sz, ami a jelenlegi \u00e9rt\u00e9kelts\u00e9g mellett 2.4 milli\u00e1rd USD-t jelent.<\/strong> A flottamegrendel\u00e9s mellett az Amazon strat\u00e9giai befektet\u0151k\u00e9nt is jelen van, ami stabil kereskedelmi keresletet \u00e9s hossz\u00fa t\u00e1v\u00fa elk\u00f6telezetts\u00e9get jelent. Viszont az Amazon val\u00f3j\u00e1ban nem hagyom\u00e1nyos aut\u00f3kat v\u00e1s\u00e1rol, hanem a logisztik\u00e1hoz haszn\u00e1lt elektromos teheraut\u00f3kat, ami igaz\u00e1b\u00f3l egy m\u00e1sik szegmens, \u00e9s nem a szem\u00e9lyaut\u00f3kkal versenyez. Viszont az Amazon csak passz\u00edv befektet\u0151je a Riviannak, ellent\u00e9tben a Volkswagennel, amelyik akt\u00edv szerepet is v\u00e1llal, ez\u00e9rt van a bennfentesek list\u00e1j\u00e1n.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"351\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-insiders-1024x351.png.webp\" alt=\"a Rivian r\u00e9szv\u00e9ny bennfentesei (gyakorolnak ir\u00e1ny\u00edt\u00f3i jogokat)\" class=\"wp-image-11685 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/351;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-insiders-1024x351.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-insiders-414x142.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-insiders-768x263.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-insiders.png.webp 1472w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian r\u00e9szv\u00e9ny bennfentesei (gyakorolnak ir\u00e1ny\u00edt\u00f3i jogokat)<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A bennfentes \u00e9s int\u00e9zm\u00e9nyi tulajdon \u00f6sszess\u00e9g\u00e9ben koncentr\u00e1lt \u00e9s er\u0151s kezekben van, ez a Rivian egyik legfontosabb v\u00e9d\u0151h\u00e1l\u00f3ja a t\u00fal\u00e9l\u00e9shez sz\u00fcks\u00e9ges t\u0151ke szempontj\u00e1b\u00f3l.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"488\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders-1024x488.png.webp\" alt=\"a Rivian legnagyobb k\u00fcls\u0151 tulajdonosai (nem gyakorolnak ir\u00e1ny\u00edt\u00f3i jogokat)\" class=\"wp-image-11684 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/488;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders-1024x488.png.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders-414x197.png.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders-768x366.png.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders-1536x732.png.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-stock-holders.png.webp 1707w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian legnagyobb k\u00fcls\u0151 tulajdonosai (nem gyakorolnak ir\u00e1ny\u00edt\u00f3i jogokat)<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ud83d\udcccGyakorlatban:<\/strong> a Volkswagen akt\u00edv befektet\u0151je a Riviannak \u00e9s r\u00e9szt k\u00f6vetel a technol\u00f3giai platformb\u00f3l is, l\u00e9nyeg\u00e9ben a saj\u00e1t j\u00f6v\u0151j\u00e9t pr\u00f3b\u00e1lja biztos\u00edtani. Ezzel szemben az Amazon a szok\u00e1sos spawner v\u00e1llalathoz h\u0171en t\u0151k\u00e9t helyez ki abba, hogy a saj\u00e1t logisztikai h\u00e1l\u00f3zat\u00e1t fejlessze. B\u00e1r a c\u00e9lja a k\u00e9t c\u00e9gnek alapvet\u0151en elt\u00e9r\u0151, mindketten jelent\u0151s t\u0151k\u00e9vel fogadtak a Rivian r\u00e9szv\u00e9ny\u00e9re, \u00f6sszesen mintegy 5.7 milli\u00e1rd USD \u00e9rt\u00e9kben, ami a c\u00e9g piaci kapitalz\u00e1ci\u00f3j\u00e1nak a harmad\u00e1t teszi ki.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/ibkr.com\/referral\/balintzsolt366\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9668 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"metrikai\">A Rivian r\u00e9szv\u00e9ny metrik\u00e1i<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Mutat\u00f3<\/th><th>\u00c9rt\u00e9k<\/th><\/tr><\/thead><tbody><tr><td>R\u00e9szv\u00e9ny\u00e1rfolyam (2026. j\u00fanius)<\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">14.75 USD<\/mark><\/strong><\/td><\/tr><tr><td>\u00c1rfolyamv\u00e1ltoz\u00e1s (IPO \u00f3ta, 2021. nov.)<\/td><td>-85.4%<\/td><\/tr><tr><td>5 \u00e9ves bev\u00e9tel-CAGR<\/td><td>+151.4%<\/td><\/tr><tr><td>Piaci kapitaliz\u00e1ci\u00f3<\/td><td>~18.6 milli\u00e1rd USD<\/td><\/tr><tr><td>EV (v\u00e1llalati \u00e9rt\u00e9k)<\/td><td>~18.8 milli\u00e1rd USD<\/td><\/tr><tr><td>Bev\u00e9tel 2025<\/td><td>5.39 milli\u00e1rd USD (+8.39% \u00e9v\/\u00e9v)<\/td><\/tr><tr><td>Bev\u00e9tel TTM<\/td><td>5.53 milli\u00e1rd USD (+10.43%)<\/td><\/tr><tr><td>Brutt\u00f3 profit 2025<\/td><td>144 milli\u00f3 USD (a fenn\u00e1ll\u00e1s \u00f3ta el\u0151sz\u00f6r pozit\u00edv)<\/td><\/tr><tr><td>Brutt\u00f3 marzs 2025<\/td><td>2.67% (TTM: 1.03%)<\/td><\/tr><tr><td>EBITDA 2025<\/td><td>-2.80 milli\u00e1rd USD<\/td><\/tr><tr><td>EBITDA-marzs 2025<\/td><td>~-52%<\/td><\/tr><tr><td>\u00dczemi eredm\u00e9ny (EBIT) 2025<\/td><td>-3.59 milli\u00e1rd USD<\/td><\/tr><tr><td>Operat\u00edv marzs 2025<\/td><td>-66.55%<\/td><\/tr><tr><td>Nett\u00f3 vesztes\u00e9g 2025<\/td><td>-3.63 milli\u00e1rd USD<\/td><\/tr><tr><td>H\u00edg\u00edtott EPS 2025<\/td><td>-3.07 USD<\/td><\/tr><tr><td>FCF 2025<\/td><td>-2.49 milli\u00e1rd USD<\/td><\/tr><tr><td>FCF-marzs 2025<\/td><td>~-46.2%<\/td><\/tr><tr><td>K\u00e9szp\u00e9nz + r\u00f6vid t\u00e1v\u00fa befektet\u00e9sek<\/td><td>~4.83 milli\u00e1rd USD<\/td><\/tr><tr><td>Nett\u00f3 ad\u00f3ss\u00e1g (2025 v\u00e9ge)<\/td><td>nett\u00f3 k\u00e9szp\u00e9nz, ~-1.09 milli\u00e1rd USD<\/td><\/tr><tr><td>Nett\u00f3 ad\u00f3ss\u00e1g (LTM)<\/td><td>~0.2 milli\u00e1rd USD (\u00e9pp \u00e1tfordult)<\/td><\/tr><tr><td>\u00d6sszes ad\u00f3ss\u00e1g<\/td><td>~5.0 milli\u00e1rd USD<\/td><\/tr><tr><td>TTM P\/FCF<\/td><td>-6.1x (negat\u00edv, mert a FCF negat\u00edv)<\/td><\/tr><tr><td>LTM EV\/EBITDA<\/td><td>-6.2x (negat\u00edv)<\/td><\/tr><tr><td>P\/S (LTM)<\/td><td>3.36x<\/td><\/tr><tr><td>EV\/Sales (LTM)<\/td><td>3.4x<\/td><\/tr><tr><td>Forward EV\/Sales (2028)<\/td><td>1.17x<\/td><\/tr><tr><td>ROIC (5 \u00e9ves \u00e1tlag)<\/td><td>-130.8%<\/td><\/tr><tr><td>ROE (5 \u00e9ves \u00e1tlag)<\/td><td>-50.7%<\/td><\/tr><tr><td>Volkswagen r\u00e9szesed\u00e9se<\/td><td>28.3%<\/td><\/tr><tr><td>Amazon r\u00e9szesed\u00e9se<\/td><td>12.57%<\/td><\/tr><tr><td>Alkalmazottak<\/td><td>15 232<\/td><\/tr><tr><td>Legy\u00e1rtott j\u00e1rm\u0171vek 2025<\/td><td>42 284 (2023: 57 232)<\/td><\/tr><tr><td>Lesz\u00e1ll\u00edtott j\u00e1rm\u0171vek 2025<\/td><td>42 247<\/td><\/tr><tr><td>R\u00e9szv\u00e9nysz\u00e1m<\/td><td>~1.26 milli\u00e1rd (2021: ~900 milli\u00f3, ~40% h\u00edgul\u00e1s)<\/td><\/tr><tr><td>Becs\u00fclt bev\u00e9tel 2028 (konszenzus)<\/td><td>16.92 milli\u00e1rd USD<\/td><\/tr><tr><td>Osztal\u00e9k<\/td><td>Nincs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-1024x726.jpg.webp\" alt=\"a Rivian r\u00e9szv\u00e9ny m\u00f6g\u00f6tti bev\u00e9tel, brutt\u00f3 profit \u00e9s FCF\" class=\"wp-image-11671 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian-fcf-revenue-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian r\u00e9szv\u00e9ny m\u00f6g\u00f6tti bev\u00e9tel, brutt\u00f3 profit \u00e9s FCF<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Az adatok meglehet\u0151sen \u00e9rdekesek. A 2.67%-os brutt\u00f3 marzs jelent\u00e9ktelennek t\u0171nik, de val\u00f3j\u00e1ban ez a teljes Rivian-t\u00e9zis sarokpontja: <strong>a c\u00e9g a fenn\u00e1ll\u00e1sa \u00f3ta el\u0151sz\u00f6r adott el t\u00f6bb j\u00e1rm\u0171vet, mint amennyibe a legy\u00e1rt\u00e1suk ker\u00fclt. <\/strong>A 151.4%-os, \u00f6t\u00e9ves bev\u00e9tel-CAGR l\u00e1tv\u00e1nyos, de csal\u00f3ka: a n\u00f6veked\u00e9s z\u00f6me a 2021\u20132023-as felfut\u00e1sb\u00f3l sz\u00e1rmazik, az ut\u00f3bbi \u00e9vekben a bev\u00e9tel m\u00e1r csak 8\u201310%-kal n\u0151, mik\u00f6zben a legy\u00e1rtott j\u00e1rm\u0171vek sz\u00e1ma 57 ezerr\u0151l (2023) 42 ezerre (2025) esett vissza. Vagyis a forgalom ink\u00e1bb \u00e1remel\u00e9sekb\u0151l \u00e9s a modellmixb\u0151l sz\u00e1rmazik, nem t\u00f6bb eladott aut\u00f3b\u00f3l, ez egy aut\u00f3gy\u00e1rt\u00f3n\u00e1l \u00f6nmag\u00e1ban int\u0151 jel.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-1024x726.jpg.webp\" alt=\"a Rivian r\u00e9szv\u00e9ny m\u00f6g\u00f6tti nett\u00f3 profit \u00e9s EBIDTA, kieg\u00e9sz\u00edtve az el\u0151z\u0151 k\u00e9pet\" class=\"wp-image-11673 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-bevetel-EBITDA-operating-profit-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian r\u00e9szv\u00e9ny m\u00f6g\u00f6tti nett\u00f3 profit \u00e9s EBIDTA, kieg\u00e9sz\u00edtve az el\u0151z\u0151 k\u00e9pet<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A m\u00e1sik, ami egyb\u0151l felt\u0171nik: <strong>szinte minden \u00e9rt\u00e9kelts\u00e9gi mutat\u00f3 negat\u00edv vagy \u00e9rtelmezhetetlen<\/strong>. A -6.1x-es P\/FCF \u00e9s a -6.2x-es EV\/EBITDA nem olcs\u00f3s\u00e1got jelez, hanem azt, hogy a c\u00e9g m\u00e9g nem termel pozit\u00edv cash flow-t vagy EBITDA-t, hiszen l\u00e9nyeg\u00e9ben minden ilyen mutat\u00f3 egy egyszer\u0171 oszt\u00e1s. Itt egyed\u00fcl a forward EV\/Sales (2028-ra 1.17x) ad fog\u00f3dz\u00f3t, ez viszont m\u00e1r egy olyan vil\u00e1got \u00e1raz, ahol a bev\u00e9tel a mostani h\u00e1romszoros\u00e1ra n\u0151. Persze minden gyorsan n\u00f6vekv\u0151 v\u00e1llalat belel\u00e1tja a saj\u00e1t m\u0171k\u00f6d\u00e9s\u00e9be az \u00f3ri\u00e1si profitot \u00e9s a hiperdurva n\u00f6veked\u00e9st, hiszen k\u00fcl\u00f6nben nem tudn\u00e1k eladni a saj\u00e1t pap\u00edrjaikat.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-1024x726.jpg.webp\" alt=\"a Rivian teljes ad\u00f3ss\u00e1ga \u00e9s k\u00e9szp\u00e9nz\u00e1llom\u00e1nya\" class=\"wp-image-11675 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-total-debt-cash-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian teljes ad\u00f3ss\u00e1ga \u00e9s k\u00e9szp\u00e9nz\u00e1llom\u00e1nya<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"> A ~4.83 milli\u00e1rd USD-s k\u00e9szp\u00e9nzmennyis\u00e9g \u00e9s a gyakorlatilag semleges nett\u00f3 ad\u00f3ss\u00e1g ad id\u0151t a felsk\u00e1l\u00e1z\u00e1shoz, de a -2.49 milli\u00e1rd USD-s \u00e9ves FCF mellett ez az id\u0151ablak v\u00e9ges, a t\u00fal\u00e9l\u00e9shez a 2026-os R2-ind\u00edt\u00e1snak sikeresnek kell lennie. Persze mindig be lehet \u00fajabb \u00e9s \u00fajabb t\u0151k\u00e9t vonni c\u00e9gekt\u0151l, kock\u00e1zati t\u0151kealapokt\u00f3l \u00e9s egy\u00e9b befektet\u0151kt\u0151l, am\u00edg a c\u00e9g t\u00f6rt\u00e9nete hiteles \u00e9s eladhat\u00f3 marad. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-1024x726.jpg.webp\" alt=\"a Rivian r\u00e9szv\u00e9ny mozg\u00e1s\u00e1t nagyban befoly\u00e1solja a bev\u00e9telel\u0151rejelz\u00e9s\" class=\"wp-image-11672 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_RIVN-estimated-revenue-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian r\u00e9szv\u00e9ny mozg\u00e1s\u00e1t nagyban befoly\u00e1solja a bev\u00e9telel\u0151rejelz\u00e9s<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Az el\u0151rejelz\u00e9s term\u00e9szetesen itt is besz\u00e9des, 30-60%-os bev\u00e9teln\u00f6veked\u00e9seket v\u00edzion\u00e1lnak az elemz\u0151k, ami am\u00fagy nem felt\u00e9tlen\u00fcl lehetetlen, de kiindulva az eddigi sz\u00e1mokb\u00f3l, az\u00e9rt nem is t\u00fal val\u00f3sz\u00edn\u0171. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/ibkr.com\/referral\/balintzsolt366\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9668 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/IBKR-banner-bonusz-200-usd-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"megszoksz\">Megszoksz vagy megsz\u00f6ksz<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mivel m\u00e1r \u00e9vek \u00f3ta fektetek egyedi r\u00e9szv\u00e9nyekben, v\u00e9lek felfedezni n\u00e9h\u00e1ny p\u00e1rhuzamot a Rivian \u00e9s a Tesla m\u0171k\u00f6d\u00e9se k\u00f6z\u00f6tt. <strong>A legszembet\u0171n\u0151bb a strat\u00e9giai recept: <\/strong>pr\u00e9miummal indulni, majd abb\u00f3l finansz\u00edrozni a t\u00f6megmodellt. Ez sz\u00f3 szerint Elon Musk 2006-os titkos mesterterve volt, dr\u00e1ga Roadster (2008), majd Model S\/X (pr\u00e9mium), v\u00e9g\u00fcl a t\u00f6megpiaci Model 3. A Rivian pontosan ezt csin\u00e1lja: dr\u00e1ga R1T\/R1S, most pedig j\u00f6n a ~45 000 USD-s R2. Mindk\u00e9t c\u00e9g l\u00e9nyeg\u00e9ben a t\u00f6megmodell piacra dob\u00e1s\u00e1ra \u00e9s felsk\u00e1l\u00e1z\u00e1s\u00e1ra tette fel az eg\u00e9sz v\u00e1llalat j\u00f6v\u0151j\u00e9t.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"726\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-1024x726.jpg.webp\" alt=\"a Rivian brutt\u00f3 pofitja \u00e9s annak sz\u00e1zal\u00e9kos alakul\u00e1sa\" class=\"wp-image-11677 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/726;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-1024x726.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-414x293.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-768x544.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-1536x1089.jpg.webp 1536w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/06\/Rivian_Automotive_Inc_RIVN-gross-profit-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">forr\u00e1s:&nbsp;<a href=\"https:\/\/fiscal.ai\/?via=balint\" target=\"_blank\" rel=\"noreferrer noopener\">fiscal.ai<\/a>, a Rivian brutt\u00f3 pofitja \u00e9s annak sz\u00e1zal\u00e9kos alakul\u00e1sa<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A <strong>brutt\u00f3 marzs fordul\u00f3pontja<\/strong> is ugyanilyen m\u00e9rf\u00f6ldk\u0151 lehet. A Tesla hiteless\u00e9gi pillanata az els\u0151 nyeres\u00e9ges negyed\u00e9v volt (2013 Q1) a Model S felfut\u00e1s\u00e1val. A Rivian most, 2025-ben \u00e9rte el \u00e9lete els\u0151 pozit\u00edv brutt\u00f3 marzs\u00e1t, ami ak\u00e1r ugyanazt a t\u00f6rt\u00e9netet is kiadhatja, mint a Tesla eset\u00e9ben.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ami a Rivian (RIVN) r\u00e9szv\u00e9ny mellett sz\u00f3l:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udcc8 <strong>El\u0151sz\u00f6r pozit\u00edv brutt\u00f3 marzs (2025: +2.7%).<\/strong> Bizony\u00edt\u00e9k arra, hogy a Rivian k\u00e9pes a gy\u00e1rt\u00e1si egys\u00e9gk\u00f6lts\u00e9get a bev\u00e9tel al\u00e1 szor\u00edtani, ez az els\u0151 igazi l\u00e9p\u00e9s a t\u00fal\u00e9l\u00e9s fel\u00e9.<\/li>\n\n\n\n<li>\ud83e\udd1d <strong>K\u00e9t er\u0151s sz\u00f6vets\u00e9ges.<\/strong> A Volkswagen (28.3%) \u00e9s az Amazon (12.57%) nemcsak t\u0151k\u00e9t, hanem valid\u00e1ci\u00f3t \u00e9s keresletet is ad. A VW-JV potenci\u00e1lisan visszat\u00e9r\u0151 szoftverlicenc-bev\u00e9telt is hozhat. Viszont ez egyben brut\u00e1lisan is koncentr\u00e1lja a vev\u0151k\u00f6rt, ami tulajdonk\u00e9ppen \u00f6nmaga kock\u00e1zata lesz: ha valamelyiket elvesz\u00edti, k\u00e1rtyav\u00e1rk\u00e9nt d\u0151lnek majd \u00f6ssze a metrik\u00e1k.<\/li>\n\n\n\n<li>\ud83d\udcbb <strong>Val\u00f3di technol\u00f3giai differenci\u00e1l\u00e1s.<\/strong> A h\u00e1zon bel\u00fcl fejlesztett architekt\u00fara \u00e9s szoftver \u00e1ll\u00edt\u00f3lag az ipar\u00e1g egyik legjobbj\u00e1nak sz\u00e1m\u00edt, pont ezt akarja a VW is.<\/li>\n\n\n\n<li>\ud83e\udded <strong>Alap\u00edt\u00f3-vez\u00e9relt.<\/strong> RJ Scaringe a kezdetekt\u0151l a korm\u00e1nyn\u00e1l \u00fcl, ami hossz\u00fa t\u00e1v\u00fa gondolkod\u00e1st \u00e9s elk\u00f6telezetts\u00e9get jelez. Igaz, a r\u00e9szesed\u00e9se er\u0151teljesen lecs\u00f6kkent, de m\u00e9g mindig durv\u00e1n 110 milli\u00f3 USD-s poz\u00edci\u00f3ja van Rivian r\u00e9szv\u00e9nyekben.<\/li>\n\n\n\n<li>\ud83d\udcb0 <strong>Magas k\u00e9szp\u00e9nz\u00e1llom\u00e1ny.<\/strong> A ~4.8 milli\u00e1rd USD-s k\u00e9szp\u00e9nz\u00e1llom\u00e1ny id\u0151t vesz a c\u00e9gnek az R2 beind\u00edt\u00e1s\u00e1ig. A nett\u00f3 ad\u00f3ss\u00e1guk mind\u00f6ssze 403 milli\u00f3 USD, ami egy ilyen m\u00e9ret\u0171 v\u00e1llalat eset\u00e9ben nagyon alacsony.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><strong>Ami a Rivian (RIVN)<strong> r\u00e9szv\u00e9ny<\/strong> ellen sz\u00f3l:<\/strong><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udcc9 <strong>Cs\u00f6kken\u0151 volumen.<\/strong> A legy\u00e1rtott j\u00e1rm\u0171vek sz\u00e1ma 57 ezerr\u0151l (2023) 42 ezerre (2025) esett. Egy aut\u00f3gy\u00e1rt\u00f3n\u00e1l a zsugorod\u00f3 volumen a legrosszabb jel, viszont ebbe az is belej\u00e1tszik, hogy a gy\u00e1rt\u00e1st most \u00e1ll\u00edtj\u00e1k \u00e1t az R2 \u00e9s R3 modellekre, ami sz\u00fcks\u00e9gszer\u0171en a kor\u00e1bbi modellek kifuttat\u00e1s\u00e1t \u00e9s a darabsz\u00e1m visszaes\u00e9s\u00e9t jelenti.<\/li>\n\n\n\n<li>\ud83d\udd25 <strong>Brut\u00e1lis k\u00e9szp\u00e9nz\u00e9get\u00e9s.<\/strong> \u00c9vi 2.5\u20133 milli\u00e1rd USD-s FCF-vesztes\u00e9g, a fenn\u00e1ll\u00e1s \u00f3ta felhalmozott ~27 milli\u00e1rd USD-s vesztes\u00e9g a m\u00e9rlegben.<\/li>\n\n\n\n<li>\u23f3 <strong>Tart\u00f3s vesztes\u00e9gess\u00e9g.<\/strong> Az elemz\u0151i becsl\u00e9sek szerint a c\u00e9g 2028-ban is negat\u00edv EBIT-tel, negat\u00edv FCF-fel \u00e9s -1.40 USD EPS-szel z\u00e1r. A lassan megfordul\u00f3 befektet\u00e9si sztorik egyik tipikus velej\u00e1r\u00f3ja az, hogy m\u00e9g \u00e9vekig nem lehet nagy nyeres\u00e9gekre sz\u00e1m\u00edtani.<\/li>\n\n\n\n<li>\ud83d\udca7 <strong>Folyamatos h\u00edgul\u00e1s.<\/strong> A r\u00e9szv\u00e9nysz\u00e1m n\u00e9gy \u00e9v alatt ~40%-ot n\u0151tt; a t\u00fal\u00e9l\u00e9shez val\u00f3sz\u00edn\u0171leg \u00fajabb t\u0151kebevon\u00e1s kell ,ajd, ami tov\u00e1bbi h\u00edg\u00edt\u00e1ssal fog j\u00e1rni.<\/li>\n\n\n\n<li>\ud83c\udf2c\ufe0f <strong>T\u00f6r\u00e9keny marzs \u00e9s k\u00fcls\u0151 szelek.<\/strong> Az 1%-os LTM brutt\u00f3 marzs egy gyenge negyed\u00e9vt\u0151l \u00fajra negat\u00edvba fordulhat, az EV-ad\u00f3j\u00f3v\u00e1\u00edr\u00e1s kivezet\u00e9se pedig pont azt a keresletet t\u0171nteti el, amib\u0151l ez a minim\u00e1lis pozit\u00edv marzs sz\u00e1rmazik.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ud83d\udcccGyakorlatban:<\/strong> a fenti k\u00e9p nagyon hasonl\u00edt arra, amit startupokn\u00e1l lehet l\u00e1tni: \u00e9veken \u00e1t gyors n\u00f6veked\u00e9s, de vesztes\u00e9gtermel\u00e9s, azt\u00e1n ahogy el\u00e9rik a sz\u00fcks\u00e9ges m\u00e9retet, a sz\u00e1mok egyszer csak \u00e1tfordulnak pozit\u00edvumba. Szerintem nagyj\u00e1b\u00f3l a Rivian sztorija is err\u0151l sz\u00f3l. A k\u00e9rd\u00e9s az, hogy a sz\u00e1mtalan hasonl\u00f3 elektromos aut\u00f3s t\u00f6rt\u00e9net mellett van-e el\u00e9g t\u00e9r erre? Szerintem lehet, de biztosan nem lesz egyszer\u0171 menet.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/wise.com\/invite\/ihpc\/balintzsoltk\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Wise-banner-hatter-v3-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9669 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Wise-banner-hatter-v3-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Wise-banner-hatter-v3-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Wise-banner-hatter-v3-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Wise-banner-hatter-v3-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"osszegzese\">A Rivian (RIVN) r\u00e9szv\u00e9ny helyzet\u00e9nek \u00f6sszegz\u00e9se<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A Rivian r\u00e9szv\u00e9ny klasszikus &#8222;mindent vagy semmit&#8221; fogad\u00e1s. Aki vesz, az nem egy nyeres\u00e9ges aut\u00f3gy\u00e1rt\u00f3t v\u00e1s\u00e1rol, hanem egy opci\u00f3t arra, hogy az R2 t\u00f6megmodell beind\u00edt\u00e1sa sikeres lesz, a volumen \u00fajra n\u00f6vekedni kezd, \u00e9s a Volkswagen\u2013Amazon tengely \u00e1tseg\u00edti a c\u00e9get a profitabilit\u00e1s k\u00fcsz\u00f6b\u00e9n.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A min\u0151s\u00e9gi, magas ROIC-\u00fa compounderek logik\u00e1ja szerint ez a r\u00e9szv\u00e9ny minden sz\u0171r\u0151n elbukik: negat\u00edv t\u0151kemegt\u00e9r\u00fcl\u00e9s, extr\u00e9m t\u0151keintenzit\u00e1s, ciklikus ipar\u00e1g, folyamatos h\u00edgul\u00e1s. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aki viszont kifejezetten spekulat\u00edv, kock\u00e1zati t\u0151ke \u00e1ltal vez\u00e9relt fordulat-sztorira vad\u00e1szik, \u00e9s el tudja viselni a teljes t\u0151keveszt\u00e9s re\u00e1lis es\u00e9ly\u00e9t, annak a Rivian egy \u00e9rdekes (\u00e9s k\u00e9ts\u00e9gk\u00edv\u00fcl izgalmas) jel\u00f6lt a figyel\u0151lista legkock\u00e1zatosabb sark\u00e1ba. Ha a Rivian R2 modell bevezt\u00e9se flottul siker\u00fcl, megfordulhat a t\u00f6rt\u00e9net; ha nem, az olcs\u00f3s\u00e1g \u00e9rt\u00e9kcsapdak\u00e9nt fog m\u0171k\u00f6dni.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>Ha pedig tov\u00e1bb akartok elemezni, haszn\u00e1lj\u00e1tok az iO Charts r\u00e9szv\u00e9ny- \u00e9s portf\u00f3li\u00f3 kezel\u0151j\u00e9t, amit itt \u00e9rtek el: <a class=\"nturl\" href=\"https:\/\/iocharts.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">iO Charts<\/a>.<\/strong><\/mark><\/pre>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/lightyear.com\/en-eu\/profile\/jozsef491\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"256\" data-src=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-1024x256.jpg.webp\" alt=\"\" class=\"wp-image-9688 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/256;width:1140px;height:auto\" data-srcset=\"https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-1024x256.jpg.webp 1024w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-414x104.jpg.webp 414w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-768x192.jpg.webp 768w, https:\/\/iocharts.io\/blog\/wp-content\/smush-webp\/2026\/02\/Lightyear-blue-white-scaled.jpg.webp 1110w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<!-- ============================================================\n     GY\u00cdK ACCORDION - iO Charts\n     Cikkenk\u00e9nt cser\u00e9lend\u0151:\n       1. 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Itt t\u00f6m\u00f6r v\u00e1laszokat tal\u00e1lsz a legt\u00f6bbet k\u00e9rdezett t\u00e9m\u00e1kra: az \u00e9rt\u00e9kelts\u00e9gre, az IPO \u00f3ta tart\u00f3 zuhan\u00e1sra, a Volkswagen\u2013Amazon sz\u00f6vets\u00e9gre, a profitabilit\u00e1s id\u0151z\u00edt\u00e9s\u00e9re \u00e9s az R2 modell szerep\u00e9re.<\/p>\n    <p>Kattints b\u00e1rmelyik k\u00e9rd\u00e9sre, \u00e9s kiny\u00edlik a v\u00e1lasz. Ezek sz\u00e1nd\u00e9kosan r\u00f6vid \u00f6sszefoglal\u00f3k: ha a r\u00e9szletek is \u00e9rdekelnek, azokat feljebb, az elemz\u00e9s megfelel\u0151 fejezeteiben bontom ki b\u0151vebben.<\/p>\n  <\/div>\n\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Meg\u00e9ri most Rivian r\u00e9szv\u00e9nyt venni?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A Rivian r\u00e9szv\u00e9ny er\u0151sen spekulat\u00edv befektet\u00e9s: a c\u00e9g vesztes\u00e9ges, \u00e9vi t\u00f6bb milli\u00e1rd USD-t \u00e9get el, \u00e9s a profitabilit\u00e1s a 2028-as becsl\u00e9sek szerint sem garant\u00e1lt. Aki v\u00e1s\u00e1rol, val\u00f3j\u00e1ban a Rivian R2 t\u00f6megmodell siker\u00e9re \u00e9s a Volkswagen\u2013Amazon h\u00e1tt\u00e9rt\u00e1mogat\u00e1sra fogad, v\u00e1llalva a magas kock\u00e1zatot.<\/p>\n    <\/div>\n  <\/details>\n\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Mi\u00e9rt esett ennyit a Rivian r\u00e9szv\u00e9ny az IPO \u00f3ta?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A Rivian r\u00e9szv\u00e9ny t\u00f6bb mint 85%-ot esett a 2021-es t\u0151zsdei bevezet\u00e9s \u00f3ta. Az okok: a kezdeti irre\u00e1lis v\u00e1rakoz\u00e1sok, a tart\u00f3san magas vesztes\u00e9gek, a folyamatos r\u00e9szv\u00e9nyh\u00edgul\u00e1s, valamint az elektromos aut\u00f3k (EV) kereslet\u00e9nek \u00e1ltal\u00e1nos lassul\u00e1sa.<\/p>\n    <\/div>\n  <\/details>\n\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Mi k\u00f6ze a Volkswagennek \u00e9s az Amazonnak a Rivianhoz?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A Volkswagen a Rivian legnagyobb r\u00e9szv\u00e9nyese (~28.3%) egy k\u00f6z\u00f6s v\u00e1llalaton kereszt\u00fcl, amelynek keret\u00e9ben ak\u00e1r 5.8 milli\u00e1rd USD-t fektethet a c\u00e9gbe a szoftvertechnol\u00f3gi\u00e1\u00e9rt cser\u00e9be. Az Amazon ~12.57%-os tulajdonos, \u00e9s egyben nagy megrendel\u0151 az elektromos kishaszonj\u00e1rm\u0171vekre.<\/p>\n    <\/div>\n  <\/details>\n\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Mikor lesz nyeres\u00e9ges a Rivian?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>A jelenlegi elemz\u0151i becsl\u00e9sek szerint a Rivian m\u00e9g 2028-ban is vesztes\u00e9ges marad \u00fczemi (EBIT) \u00e9s szabad cash flow szinten egyar\u00e1nt. A nyeres\u00e9gess\u00e9g kulcsa a t\u00f6megpiaci R2 modell sikeres beind\u00edt\u00e1sa \u00e9s a volumen tart\u00f3s n\u00f6vel\u00e9se.<\/p>\n    <\/div>\n  <\/details>\n\n  <details class=\"io-faq__item\">\n    <summary class=\"io-faq__q\"><h3>Mi az a Rivian R2, \u00e9s mi\u00e9rt fontos?<\/h3><\/summary>\n    <div class=\"io-faq__a\">\n      <p>Az R2 a Rivian t\u00f6megpiacra sz\u00e1nt, ~45 000 USD-t\u00f3l indul\u00f3 elektromos SUV-ja, amelynek ind\u00edt\u00e1sa 2026-ra v\u00e1rhat\u00f3. Ez a modell a c\u00e9g teljes j\u00f6v\u0151k\u00e9p\u00e9nek sarokk\u00f6ve: az olcs\u00f3bb \u00e1r r\u00e9v\u00e9n sokszoros\u00e1ra emelheti az \u00e9rt\u00e9kes\u00edt\u00e9si volument, ami n\u00e9lk\u00fcl a profitabilit\u00e1s aligha \u00e9rhet\u0151 el.<\/p>\n    <\/div>\n  <\/details>\n\n  <p class=\"io-faq__disclaimer\">\n    <strong>Jogi \u00e9s felel\u0151ss\u00e9gi nyilatkozat (aka. disclaimer):<\/strong> a cikkeim mag\u00e1nv\u00e9lem\u00e9nyt tartalmaznak, kiz\u00e1r\u00f3lag a saj\u00e1t \u00e9s az olvas\u00f3k\u00f6z\u00f6ns\u00e9g sz\u00f3rakoztat\u00e1s\u00e1ra \u00edrom \u0151ket. Az itt megjelen\u0151 cikkek semmilyen form\u00e1ban NEM mer\u00edtik ki a befektet\u00e9si tan\u00e1csad\u00e1s t\u00e9mak\u00f6r\u00e9t. Soha nem akartam, nem is akarok \u00e9s a j\u00f6v\u0151ben sem val\u00f3sz\u00edn\u0171, hogy fogok ilyet adni. Az itt le\u00edrtak kiz\u00e1r\u00f3lag inform\u00e1ci\u00f3s tartalomnak tekinthet\u0151k, \u00e9s NEM \u00e9rtelmezhet\u0151ek aj\u00e1nlatt\u00e9telnek. A v\u00e9lem\u00e9nynyilv\u00e1n\u00edt\u00e1s semmilyen form\u00e1ban NEM tekinthet\u0151 biztos\u00edt\u00e9knak p\u00e9nz\u00fcgyi instrumentumok elad\u00e1s\u00e1ra vagy v\u00e1s\u00e1rl\u00e1s\u00e1ra. A meghozott d\u00f6nt\u00e9seitek\u00e9rt KIZ\u00c1R\u00d3LAG TI vagytok a felel\u0151sek, ennek kock\u00e1zat\u00e1t senki m\u00e1s, \u00edgy \u00e9rtelemszer\u0171en \u00e9n sem, v\u00e1llalom magamra.\n  <\/p>\n\n<\/div>\n\n\n<!-- FAQPage schema - a sz\u00f6vegnek egyeznie kell a fentivel! -->\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Meg\u00e9ri most Rivian r\u00e9szv\u00e9nyt venni?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"A Rivian r\u00e9szv\u00e9ny er\u0151sen spekulat\u00edv befektet\u00e9s: a c\u00e9g vesztes\u00e9ges, \u00e9vi t\u00f6bb milli\u00e1rd USD-t \u00e9get el, \u00e9s a profitabilit\u00e1s a 2028-as becsl\u00e9sek szerint sem garant\u00e1lt. 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Az okok: a kezdeti irre\u00e1lis v\u00e1rakoz\u00e1sok, a tart\u00f3san magas vesztes\u00e9gek, a folyamatos r\u00e9szv\u00e9nyh\u00edgul\u00e1s, valamint az elektromos aut\u00f3k (EV) kereslet\u00e9nek \u00e1ltal\u00e1nos lassul\u00e1sa.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Mi k\u00f6ze a Volkswagennek \u00e9s az Amazonnak a Rivianhoz?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"A Volkswagen a Rivian legnagyobb r\u00e9szv\u00e9nyese (~28.3%) egy k\u00f6z\u00f6s v\u00e1llalaton kereszt\u00fcl, amelynek keret\u00e9ben ak\u00e1r 5.8 milli\u00e1rd USD-t fektethet a c\u00e9gbe a szoftvertechnol\u00f3gi\u00e1\u00e9rt cser\u00e9be. 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Ez a modell a c\u00e9g teljes j\u00f6v\u0151k\u00e9p\u00e9nek sarokk\u00f6ve: az olcs\u00f3bb \u00e1r r\u00e9v\u00e9n sokszoros\u00e1ra emelheti az \u00e9rt\u00e9kes\u00edt\u00e9si volument, ami n\u00e9lk\u00fcl a profitabilit\u00e1s aligha \u00e9rhet\u0151 el.\"\n      }\n    }\n  ]\n}\n<\/script>\n\n\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n\n    {\n      \"@id\": \"https:\/\/iocharts.io\/blog\/rivian-reszveny-elemzes\/#article\",\n      \"about\": {\n        \"@type\": \"Corporation\",\n        \"name\": \"Rivian Automotive, Inc.\",\n        \"alternateName\": \"Rivian\",\n        \"tickerSymbol\": \"RIVN\",\n        \"url\": \"https:\/\/rivian.com\/\",\n        \"foundingDate\": \"2009\",\n        \"founder\": { \"@type\": \"Person\", \"name\": \"RJ Scaringe\" },\n        \"description\": \"Amerikai pr\u00e9mium elektromosj\u00e1rm\u0171-gy\u00e1rt\u00f3, amely k\u00f6zvetlen\u00fcl a v\u00e1s\u00e1rl\u00f3knak \u00e9rt\u00e9kes\u00edt, keresked\u0151i h\u00e1l\u00f3zat n\u00e9lk\u00fcl. 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Az okok: a kezdeti irre\u00e1lis v\u00e1rakoz\u00e1sok, a tart\u00f3san magas vesztes\u00e9gek, a folyamatos r\u00e9szv\u00e9nyh\u00edgul\u00e1s, valamint az elektromos aut\u00f3k (EV) kereslet\u00e9nek \u00e1ltal\u00e1nos lassul\u00e1sa.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Mi k\u00f6ze a Volkswagennek \u00e9s az Amazonnak a Rivianhoz?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A Volkswagen a Rivian legnagyobb r\u00e9szv\u00e9nyese (~28.3%) egy k\u00f6z\u00f6s v\u00e1llalaton kereszt\u00fcl, amelynek keret\u00e9ben ak\u00e1r 5.8 milli\u00e1rd USD-t fektethet a c\u00e9gbe a szoftvertechnol\u00f3gi\u00e1\u00e9rt cser\u00e9be. Az Amazon ~12.57%-os tulajdonos, \u00e9s egyben nagy megrendel\u0151 az elektromos kishaszonj\u00e1rm\u0171vekre.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Mikor lesz nyeres\u00e9ges a Rivian?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A jelenlegi elemz\u0151i becsl\u00e9sek szerint a Rivian m\u00e9g 2028-ban is vesztes\u00e9ges marad \u00fczemi (EBIT) \u00e9s szabad cash flow szinten egyar\u00e1nt. 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Ez a modell a c\u00e9g teljes j\u00f6v\u0151k\u00e9p\u00e9nek sarokk\u00f6ve: az olcs\u00f3bb \u00e1r r\u00e9v\u00e9n sokszoros\u00e1ra emelheti az \u00e9rt\u00e9kes\u00edt\u00e9si volument, ami n\u00e9lk\u00fcl a profitabilit\u00e1s aligha \u00e9rhet\u0151 el.\"\n          }\n        }\n      ]\n    }\n\n  ]\n}\n<\/script>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Mir\u0151l sz\u00f3l a Piaci Impulzus rovat? A Rivian r\u00e9szv\u00e9ny az elm\u00falt \u00e9vek egyik legl\u00e1tv\u00e1nyosabb t\u0151zsdei ki\u00e1br\u00e1ndul\u00e1s\u00e1t sz\u00e1ll\u00edtotta: aki a 2021-es IPO-m\u00e1morban, k\u00f6zel 100 USD-s \u00e1rfolyamon v\u00e1s\u00e1rolt, az a t\u0151k\u00e9je t\u00f6bb mint 85%-\u00e1t l\u00e1tta elp\u00e1rologni. M\u00e9gis, 2025-ben t\u00f6rt\u00e9nt valami, ami meg\u00e9rdemel egy k\u00f6zelebbi pillant\u00e1st: a Rivian a fenn\u00e1ll\u00e1sa \u00f3ta el\u0151sz\u00f6r termelt pozit\u00edv brutt\u00f3 marzsot, mik\u00f6zben a [&hellip;]<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/iocharts.io\/blog\/rivian-reszveny-elemzes\/\" class=\"btn btn-primary btn-lg\">Tov\u00e1bb<\/a><\/div>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":2,"featured_media":11687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[272,31],"tags":[129,275,74,4,115,418,419],"class_list":["post-11113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-impulse","category-reszvenyelemzes","tag-iocharts","tag-market-impulse","tag-portfolioblogger","tag-reszveny","tag-reszvenyelemzes","tag-rivian","tag-rivian-reszveny"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rivian r\u00e9szv\u00e9ny: a 85%-ot zuhant EV-sztori<\/title>\n<meta name=\"description\" content=\"Rivian r\u00e9szv\u00e9ny: 85%-ot esett az IPO \u00f3ta, de el\u00e9rte az els\u0151 pozit\u00edv brutt\u00f3 marzs\u00e1t. Volkswagen \u00e9s Amazon \u00e1ll m\u00f6g\u00f6tte \u2013 fordulat vagy csapda?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iocharts.io\/blog\/rivian-reszveny-elemzes\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rivian r\u00e9szv\u00e9ny: a 85%-ot zuhant EV-sztori\" \/>\n<meta property=\"og:description\" content=\"Rivian r\u00e9szv\u00e9ny: 85%-ot esett az IPO \u00f3ta, de el\u00e9rte az els\u0151 pozit\u00edv brutt\u00f3 marzs\u00e1t. Volkswagen \u00e9s Amazon \u00e1ll m\u00f6g\u00f6tte \u2013 fordulat vagy csapda?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iocharts.io\/blog\/rivian-reszveny-elemzes\/\" \/>\n<meta property=\"og:site_name\" content=\"iO Charts\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/iOCharts\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-28T08:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-20T10:58:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iocharts.io\/blog\/wp-content\/uploads\/2026\/06\/piaci-impulzus-Rivian-nyito.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1016\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marton J. 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