Rivian stock remains under pressure as the company disappointed investors with its outlook for electric vehicle deliveries in 2023. The electric vehicle manufacturer is still facing supply chain difficulties that are limiting the availability of semiconductor chips.
Of course, what investors really want to know is if Rivian stock is at a buyable bottom. That’s the focus of this video with Laycee Kluin of MarketBeat and MarketBeat contributor Chris Markoch. Markoch points out that analysts remain bullish on the stock but are lowering their price targets.
However, Markoch reminds investors to evaluate Rivian on its own merits. Because no matter how you feel about the long-term outlook for electric vehicles, these are capital-intensive businesses, and many will struggle during this transition.
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Chris Markoch, Guest
MarketBeat Contributor, MarketBeat
Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.
Laycee Kluin, Host
Digital Marketing Strategist, MarketBeat
As MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.