Shares of electric truck startup Rivian Automotive were falling in premarket trading Friday following the company’s first quarterly earnings report as a newly public company. Investors are nervous about Rivian’s production ramp-up. Analysts are not.
Rivian (ticker: RIVN) stock was down about 9.5%, trading below $100 at about $98.50. The lowest close since the company’s initial public offering of stock in early November is $100.73. S&P 500 and Dow Jones Industrial Average futures were down 0.3% and 0.1%, respectively.
Rivian…
Source: https://www.barrons.com/articles/rivian-rivn-stock-earnings-wall-street-analysts-51639746664
