Rivian Analyst Takes Down Price Target By Over 30%: Why EV Maker's Underperformance Is Positive For GM, Ford, Tesla
Rivian Analyst Takes Down Price Target By Over 30%: Why EV Maker's Underperformance Is Positive For GM, Ford, Tesla
See Also: Best Electric Vehicle StocksRivian Automotive Inc. (NASDAQ:RIVN) reported disappointing revenue for the fourth quarter and guided 2023 deliveries below consensus expectations.
利維安汽車公司 （納斯達克：RIVN）報告了第四季度的收入令人失望，並指導 2023 交付低於一致預期。
The Rivian Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating but reduced the price target from $37 to $25.
利維安分析師： 伏特布什分析师 丹尼爾艾夫 維持「跑贏大市」評級，但目標價格從 37 美元降至 25 美元。
The Rivian Thesis: Rivian's quarter was mixed but investors were more concerned about the 2023 production guidance, Ives said in a note. The analyst said the company is plagued by a myriad of production issues at its main factory in Illinois and provided softer guidance of 50,000 for 2023.
利維安論文： 艾夫斯在一份說明中表示，Rivian 的季度混合，但投資者更擔心 2023 年的生產指引。該分析師表示，該公司在伊利諾伊州的主要工廠受到無數生產問題的困擾，並在 2023 年為 50,000 提供了更柔和的指導。
See Also: Best Electric Vehicle Stocks
另請參閱： 最佳電動車股票
"While this is a massively complex operation in Normal, IL it is disappointing that 18 months later Rivian remains in this spider web of production issues," the analyst said. This will worry investors that customers may gravitate to rivals such as General Motor Corp. (NYSE:GM), Ford Motor Co. (NYSE:F) and Tesla Inc. (NASDAQ:TSLA) as reservations get pushed out, he added.
分析師說：「儘管這在伊利諾伊州正常情況下是一個大規模複雜的操作，但令人失望的是，18 個月後 Rivian 仍然留在這個蜘蛛網中的生產問題。」這將使投資者擔心客戶可能會吸引到競爭對手，例如 通用汽車公司 (紐約:克), 福特汽車公司 (紐約證交所代碼:F) 和 特斯拉公司 他補充說，隨著保留被推出（納斯達克：TSLA）。
As time ticks, the cash burn situation puts more pressure on Rivian in 2024/25, forcing it to consider raising more capital, Ives said.
艾夫斯說，隨著時間的推移，現金燒毀情況給 Rivian 帶來了更大的壓力，迫使其考慮籌集更多的資金。
"We still strongly believe in the Rivian long term story, however, last night was not what the bulls were hoping for."
「我們仍然堅信 Rivian 的長期故事，但是，昨晚並不是牛派們所希望的。」
Price Action: In premarket trading, Rivian shares were sliding 8.66% to $17.63, according to Benzinga Pro data.
價格行動： 根據本辛加 Pro 的數據，在盤前交易中，利維亞股票滑動 8.66％ 至 17.63 美元。
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