EV Storm Clouds: Tesla, Rivian and Nio Are All Downgraded at Mizuho
Mizuho Securities turned cautious on the electric vehicle sector on Monday due to near-term demand issues and tightening liquidity concerns. The Japanese firm also warned on increasing inventory levels that could create yet another pricing headwind this year.As part of its electric vehicle ratings reset, Mizuho downgraded Tesla , Rivian Automotive , and Nio to Neutral ratings after having them all set at Buy. Analyst Vijay Rakesh highlighted that the firm is still constructive on the long-term