Rivian Automotive's shares have experienced slight fluctuation recently but show an overall gain of 11% in the past week. Despite these short-term gains, Bernstein projects a substantial downside risk due to tariffs impacting key imports like lithium-ion batteries from South Korea and China. Rivian's institutional investors have remained active, with notable purchases like Mountain Hill's recent investment. The company continues to grapple with significant financial deficits since its IPO in 2021, reporting a negative gross profit but showing signs of improvement in the past quarter.
Rivian Automotive's stock shows an 11% gain over five days, yet Bernstein warns of a potential 50% downside due to tariff challenges and reliance on imports.
Despite facing considerable headwinds from tariffs, institutional investors remain interested, as demonstrated by Mountain Hill's recent purchase of 102,500 shares.
Rivian's stock, having experienced a significant decline from its peak, illustrates the impact of changes in market sentiment following the post-IPO excitement.
Rivian reported a reduction in negative gross profit in Q4, reflecting a potential turning point, but the company still faces substantial operational challenges.
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