{"id":14215,"date":"2022-01-30T12:01:31","date_gmt":"2022-01-30T17:01:31","guid":{"rendered":"http:\/\/autosector.com\/?p=14215"},"modified":"2022-01-30T12:01:31","modified_gmt":"2022-01-30T17:01:31","slug":"rivian-stock-surge","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=14215","title":{"rendered":"Rivian Stock Poised For Surge After 45% Decline Since IPO"},"content":{"rendered":"<p><a href=\"https:\/\/insideevs.com\/rivian\/\" data-inline-widget=\"internal-links\" data-type-id=\"2\" data-params=\"%7B%22alias%22%3A%22rivian%22%7D\">Rivian<\/a> stock is going through turbulent times as of late. Following the firm&#8217;s November IPO at $78 a share, prices surged to $172 before suddenly dipping back down to around $100. Then came the general stock sell-off, and now\u00a0RIVN is at just $57.12 as of writing. That makes the company worth around $50 billion &#8211; roughly half the value of Ford.<\/p>\n<p>Rivian is, as you probably know, delivering a small number of vehicles at the moment and has overcame the biggest hurdle of any automotive startup &#8211; reaching production. It also has backing from Ford and Amazon, and reviews of the\u00a0<a href=\"https:\/\/insideevs.com\/rivian\/r1t\/\" data-inline-widget=\"internal-links\" data-type-id=\"1\" data-params=\"%7B%22make_alias%22%3A%22rivian%22%2C%22alias%22%3A%22r1t%22%7D\">R1T pickup<\/a> have generally been very positive.\u00a0<\/p>\n<p>Morgan Stanley&#8217;s in-house EV expert, Adam Jonas, had the following to say:<\/p>\n<blockquote readability=\"19\">\n<p><em>\u201cAn IPO that preceded the December market top, the reality-check of supply chain bottlenecks (normal in auto land, perhaps not normal in tech land), and the gut-check of having partner Amazon exercise its right to\u00a0secure EDVs from alternative vendors (Stellantis, Daimler)\u00a0has shaken investor confidence and, we think, provides an excellent opportunity to gain exposure to a company, product cycle, and business model that we believe has a greater chance [of] being a winner in this industry than most other EV competitors,\u201d Jonas wrote in a note to investors. \u201cWhile Rivian is at a far earlier stage in its industrial journey than Tesla, we do not see this company as just a \u2018concept stock\u2019 either. The road to ramping production will be choppy, but we expect largely due to supply rather than demand.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Jonas currently has a &#8220;Buy&#8221; rating on Rivian with a $147 price target.\u00a0<\/p>\n<section class=\"relatedContent-new\" contenteditable=\"false\" draggable=\"true\" data-widget=\"related-content\" data-widget-size=\"content\" data-params=\"%7B%22type_id%22%3A0%2C%22title_id%22%3A%22%22%2C%22items%22%3A%5B%7B%22article_edition_id%22%3A%22563289%22%2C%22title%22%3A%22See%20Rivian%20EDV%20Prototype%20Spotted%20At%20A%20Charging%20Station%22%2C%22alias%22%3A%22rivian-edv-prototype-spotted-charging%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%221%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2F7ZLjQ1%2Fs5%2Fgjoysc6p6ae.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22562819%22%2C%22title%22%3A%22Rivian%20R1T%3A%20Towing%2C%20Charging%2C%20Off-Road%20Impressions%20After%20One%20Week%22%2C%22alias%22%3A%22riviant-r1t-one-week-impressions%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%221%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2F3W1VV1%2Fs5%2Fxd3x2rgg08u.jpg%22%7D%7D%5D%7D\">   <\/section>\n","protected":false},"excerpt":{"rendered":"<p>Rivian stock is going through turbulent times as of late. Following the firm&#8217;s November IPO at $78 a share, prices surged to $172 before suddenly dipping back down to around $100. Then came the general stock sell-off, and now\u00a0RIVN is at just $57.12 as of writing. That makes the company worth around $50 billion &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/14215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14215"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/14215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/14216"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14215"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}