The current administration’s policies and tariffs are making it tough for the U.S. EV industry to expand, creating a challenging environment for young EV start-ups like Rivian (RIVN). Despite this, one analyst upgraded Rivian’s price target from $20 to $25, citing the upcoming release of the R2 model as a key driver towards profitability. Rivian investors have received a vote of confidence from Baird analyst Ben Kallo, who believes that the R2 model will boost the company’s brand and stock. However, with increasing competition in a struggling market, investors may want to watch Rivian from the sidelines for now.

Read more at Nasdaq.: Rivian Stock Popped 15% Thursday, but There Could Be Room to Run