Rivian Automotive's stock has demonstrated resilience, gaining over 10% in five days and 23% in the past month, despite ongoing challenges related to tariffs imposed by former President Trump. Rivian has made a $111 million investment in the e-bike sector, signaling product line expansion. Yet, Bernstein warns of a potential 50% downside for the stock due to external pressures. Institutional investment remains strong, with Amazon leading as the biggest shareholder. The company reported a loss of $1.2 billion in gross profit but improved year-on-year metrics, indicating a complex but hopeful future for Rivian.
Despite the initial excitement surrounding its IPO, Rivian Automotive continues to face significant headwinds such as tariff issues, even as investors remain cautiously optimistic.
Rivian's move into the e-bike market with a substantial investment reflects its ambition to diversify; however, the risk of tariffs on components remains a looming concern.
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