A tepid analyst's recommendation and bearish sentiment on tech titles doom the stock to a 4%-plus drop in price. Read More...
Motley Fool
3 Red Flags for Rivian Automotive’s Future
Rivian Automotive (NASDAQ: RIVN) has been a polarizing stock. The bulls praised the maker of electric pickups, SUVs, and delivery vans for producing more vehicles than many other fledgling electric vehicle (EV) makers, and noted that its preorders continued to rise. The bears will point out that Rivian already halved its production target for 2022 from 50,000 to 25,000 vehicles back in March, it’s still struggling with supply chain constraints, and its net losses are widening.
