Most electric vehicle stocks are up this year, but Rivian is one exception. Its shares keep hitting all-time lows, dipping below $13 per share at some points during March. Its shares are down around 25% year-to-date. By contrast, the Global X Autonomous and Electric Vehicles ETF is up more than 20% year-to-date. Rival EV makers such as Tesla have soared 56% in the same period, while Lucid is up nearly 20%.
"Is now the time to add a 2nd plant and a 3rd model line with so much uncertainty ahead?" they added, referring to Rivian's $5 billion plant in the U.S. state of Georgia. However Morgan Stanley is still giving the stock an overweight rating, and a price target of $26 – or nearly 90% upside. The bank's analysts, led by Adam Jonas, said Rivian was the only EV start-up name it recommends, apart from Tesla which is also rated overweight.
somehow I actually made money on this stock when I bought it at 18 and sold it at 21.
Apple should buy them
But it’s an EV.
I’m never hearing anything good about them