"Rivian's stock has seen significant fluctuation as it navigates the market uncertainties, facing a recent pullback despite a substantial gain owing to a trade policy pause."
"The company's recent entry into the e-bike market with a $111.13 million investment demonstrates its ambition, yet it still grapples with potential downside due to looming tariffs."
Rivian Automotive's stock, having recently gained over 33% from May 7 to May 20, pulled back by 2.34% as of Tuesday morning. Driven by a U.S.-China tariff pause, the company's year-to-date growth stands at over 15%. Despite its expansion into the e-bike market with a significant investment, Rivian faces headwinds from tariffs, generating caution among analysts. Bernstein's bearish outlook suggests nearly 50% potential downside for the stock. Institutional investment persists with notable backers, but Rivian's reliance on critical imports underscores its ongoing challenges in production and profitability.
Read at 24/7 Wall St.
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