$Rivian Automotive, Inc.(RIVN)$Since last month,Rivian$Rivian Automotive, Inc.(RIVN)$ managed to trade in a $38 to $45 range. Despite bears holding a10% short float against RIVN stock, markets likely priced downside expectations for theelectric vehicle(EV) supplier.
The company is unlikely to report any negative news that will question its five- to 10-year prospects. Shareholders already expect Rivian to post more losses as it invests heavily in the business. They expect limited unit sales afterthe company guidedfor 25,000 vehicle productions this year. Holding Rivian as net losses increase every quarter will not come without risk.
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Hold on