Tesla Stock Falls To Lowest Price Since Last January On Analyst Downgrade [Forbes]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Forbes
away from its core electric vehicle business, extending the stock's brutal 2024 selloff. Tesla has had a brutal month, highlighted by its major layoff announcement and disappointing vehicle ... [+] deliveries. Tesla stock fell 3% by mid-day, hitting as low as $148.70, its lowest ticker since Jan. 25, 2023. Thursday's decline came after the Deutsche Bank group led by Emmanuel Rosner cut its recommendation for the stock from a buy to a hold, slashing its price target for Tesla by 35% to $123, pricing in 19% of further downside. Rosner cited the “high likelihood” of delay for Tesla's less expensive Model 2 car and pivot into its development of robotaxis, its early-stage ride hailing network of autonomous vehicles, as the primary reason for his newfound skepticism, explaining Tesla's shifting focus away from its consumer car business will “create significant” earnings pressure in coming years. Rosner cautioned Tesla's share price could face further downward pressure as fundament
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RIVN
News
- Rivian Automotive, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Rivian: Broken Growth Story In A Bottomless Pit [Seeking Alpha]Seeking Alpha
- ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - RIVNPR Newswire
- Tesla didn't respond to Business Insider's questions about the reported rehiring. [Business Insider]Business Insider
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses to Contact the FirmAccesswire
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- RIVN's page on the SEC website