Published on 22 Jan 2025 on Benzinga
Why Rivian’s Downhill Drive Is Tempting Speculators - Rivian Automotive...
On the surface, electric-vehicle manufacturer Rivian Automotive Inc RIVN may seem like a shoo-in for long-term upside. As research firm S&P Global Mobility pointed out recently, analysts there anticipate that automotive companies will sell 15.1 million units of battery EVs this year. If so, that would represent a 30% lift from the prior year. Nevertheless, questions cloud RIVN stock to the point where the bears might win out for now.
First, investors must be cognizant of the political risks impacting Rivian and the broader EV industry. During Tuesday’s premarket session, jubilance reigned as the dominant emotion as Donald Trump became the 47th President of the U.S. However, this optimism failed to carry RIVN stock, which slipped conspicuously throughout the session. With Trump openly supporting an energy policy of "drill, baby, drill," the skepticism over Rivian's business prospects wasn't surprising.