mkg3
Well-Known Member
The whole market was up irrationally due to lower than expected CPI numbers. The Rivian now has reclaimed the price from last week.Stock is currently up 17%, so obviously investors agree that the numbers are good.
At least 8 firms lowered RIVN price target today because of R2 slip and their lack of clarity for weekly production level and CapEx for 2023.
So the number Rivian put up was okay with two bright spots - reaffirm 25k delivery for this year and R1 net backlog up to 114k.
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