Praise for Rivian Automotive Inc.’s better-than-expected quarterly outcomes failed to spice up the EV maker’s inventory on Wednesday, with most analysts protecting their cautious view on the corporate and on the course of the inventory within the close to time period.
Rivian’s shares RIVN dropped greater than 9% on Wednesday, a day after the corporate reported second-quarter outcomes that topped Wall Street views and raised its manufacturing steerage for the yr to 52,000 autos, from 50,000.
The…
Source web site: www.marketwatch.com
