Wall Street sets Rivian stock price for the next 12 months
The beginning of the year could have been more promising for the electric vehicle (EV) industry, with major players like Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) experiencing significant losses since January 1. However, there is a glimmer of hope on the horizon. Specifically, Rivian’s stock saw a notable surge of 13.42% following the announcement of its new R2 model. This model is strategically designed to target a portion of the market currently unexploited by its main US competitor, Tesla.However, o ...