"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."
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.
Read at 24/7 Wall St.
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