2024-05-01 15:01:41 ET
Summary
- Rivian stock reached a new all-time low in April 2024 as selling pressure intensified.
- Rivian faces immense challenges overcoming production scaling headwinds amid broad EV industry weakness.
- While buying RIVN's weakness might seem tempting, investors must carefully consider Rivian's fundamentally weak business model.
- Near-term growth catalysts are also noticeably absent, suggesting RIVN's downtrend bias is unlikely to reverse.
- With Rivian's growth story possibly broken, investors are urged to avoid buying and becoming a potential bagholder.
In my previous RIVN article, I urged Rivian Automotive, Inc. ( RIVN ) investors to avoid adding to their pain. I enunciated why savvy investors shunned buying into RIVN's fundamentally weak thesis . My caution has likely "saved" less aware investors from being fooled into thinking RIVN seems too "cheap" to ignore. Notably, RIVN reached a new all-time low in April 2024 as selling pressure intensified. Should investors consider buying into a possible mean-reversion thesis, with RIVN stock likely getting a respite this week from its recent battering?...
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For further details see:
Rivian: Broken Growth Story In A Bottomless Pit