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Barchart
Barchart
Mohit Oberoi

Will This EV Stock Burn Short Sellers Like Tesla Did With Its Q1 Earnings Report?

Rivian Tesla Inc. RIVN LCID

This week, both Lucid Group (LCID) and Rivian Automotive (RIVN) will release their Q1 earnings. So far, 2024 has been yet another brutal year, to say the least, for startup EV companies, and both RIVN and LCID fell to new record lows earlier this year.

Wall Street analysts are not too bullish on Rivian stock heading into the Q1 confessional. While UBS upgraded the stock to “neutral” from “sell,” while keeping its $9 target price, the brokerage firm does not expect any recovery in the stock anytime soon, even as it sees the risk-reward looking more balanced after the crash.

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