tl;dr
Rivian Automotive (NASDAQ:RIVN) is holding a R2 reveal event for the new R2 midsize SUV model and opening up reservations for customers. Deliveries on the R2 are not expected until 2026 as the company finishes its new $5B manufacturing plant in Georgia. CEO RJ Scaringe aims to target a massive marke...
Rivian Automotive (NASDAQ:RIVN) is holding a R2 reveal event for the new R2 midsize SUV model and opening up reservations for customers. Deliveries on the R2 are not expected until 2026 as the company finishes its new $5B manufacturing plant in Georgia. CEO RJ Scaringe aims to target a massive market with limited compelling EV options beyond Tesla and sell vehicles at a lower price than its existing models. Analysts warn of critical tests and expect shares to remain volatile as the company aims to deliver significant cost reductions and bring the R2 model to scale.
Jefferies initiated coverage on RIVN with a Buy rating, noting its similarities to Tesla in spirit and potential long-term upside. However, the company faces significant challenges in reducing production costs and achieving profitability. Despite the positive rating, shares of RIVN are expected to remain volatile as the year unfolds, with short interest at 16.4% of the total float and a price target of $16 based on the discounted cash flow model. In Thursday morning trading, RIVN shares showed a 1.75% gain to $11.23.
More about Rivian Automotive Inc
Rivian Automotive Inc is a manufacturing company in the motor vehicles and passenger car bodies industry with a market cap of $10,781,273,000. The stock has shown a negative EPS of -5.74, indicating a decrease in earnings per share. However, the company has a positive P/E ratio of 4.682, suggesting that the stock may be undervalued. The market sentiment appears bullish with a Relative Strength Index (RSI) of 18.75, indicating that the stock is oversold and may be due for a price correction. The company's financials show a net income margin of -1.225 and a total revenue of $4,434,000,000. It is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with investing in this stock.
More about Tesla Inc
Tesla Inc is an American electric vehicle and clean energy company with a strong presence in the plug-in and battery electric car segments. In 2020, the company captured 16% of the plug-in market and 23% of the battery-electric market. Tesla Energy, a subsidiary, is a major installer of solar energy generation systems and one of the largest global suppliers of battery energy storage systems. The company's stock performance has been strong, with a market cap of 562.24 billion and a current stock price of 206.19. The company has shown steady growth and solid financials, with 2020 sales reaching 967.73 billion. However, the stock has experienced some volatility with a 30.49% increase in the Relative Strength Index (RSI) and a 4.31% increase in Bollinger Bands. The market sentiment for Tesla Inc remains bullish, but there are potential risks and uncertainties associated with the stock's performance, given its high valuation and the competitive nature of the electric vehicle and clean energy industry.
More about Ford Motor Company
Ford Motor Company is a major player in the manufacturing of motor vehicles and passenger car bodies, with a market capitalization of approximately $49.99 billion. The stock is currently trading at $11.65, showing a 0.6% increase. The company has a price-to-earnings ratio of 1.08 and a dividend yield of 4.07%. Market sentiment appears to be positive, with a relatively low P/E ratio and a decent dividend yield. However, it's important to note that the automotive industry can be volatile, and there are potential risks associated with investing in this sector, especially given the uncertainties surrounding global supply chain disruptions and changing consumer preferences. As a technical analyst, it's crucial to consider these factors when evaluating the stock's potential performance.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.