Rivian shares gets discounted; shares can move lower
Key PointsRivian outpaced consensus on the top line, but losses and guidance led to a stock implosion.The EV boom is over; now it's time for Rivian to prove it can make money. Analysts are trimming their targets; there is a risk that institutional selling will become a headwind for price action. 5 stocks we like better than Rivian AutomotiveRivian’s NASDAQ: RIVN Q4 release further proves that the EV market bubble has burst. Internal metrics and guidance suggest demand has peaked and current capacity is too ...