Rivian Automotive, Inc. (NASDAQ:RIVN) is facing challenges as Morgan Stanley analyst Adam Jonas lowers the price target to $12.00 amid concerns about the R2 vehicle launch and demand for electric vehicles. Significant capital is needed to compete in autonomous robotization.
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Rivian Automotive, Inc. is known for creating electric vehicles, software, and services. The company may play a role in AI-enabled autonomy, but caution is advised due to tough demand for EVs and capital requirements. A partnership with VW reduces stock volatility but may limit the opportunity.
Read more at Yahoo Finance: Rivian (RIVN) Price Target Cut to $12 on EV Demand Concerns