Rivian: Selling Into Strength (Rating Downgrade)
RIVNRivian Automotive(RIVN) Seeking Alpha·2024-08-13 02:57
hapabapa Last week, we received second quarter results from Rivian (NASDAQ:RIVN), seen in this shareholder letter. While the company did make progress on some of its cost cutting efforts, production guidance for the year was only maintained and cash burn remained high. With some potential tough times still ahead, investors might want to consider selling this premium valuation name for now. Previous coverage on the name: When I last covered the stock, Rivian had just announced its major partnership with  ...