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Benzinga
Benzinga
Business
Rachit Vats

Amazon Key To Rivian's Strategy, EV Maker's Cash Burn In Question, Says Morgan Stanley Analyst

Rivian Automotive Inc’s (NASDAQ:RIVN) highly ambitious and capital intensive plan to ramp up production after initially missing production and delivery target last year could invite investor scrutiny on Wednesday when the electric vehicle startup reports first-quarter earnings after the bell, according to Morgan Stanley analyst Adam Jonas.

The Rivian Analyst: Jonas has maintained an ‘overweight’ rating and an $85 price target on the electric vehicle startup’s shares that closed at $22.8 on Tuesday.

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