Since its last earnings release last month, there has been little news out of Rivian Automotive (NASDAQ:RIVN). With this, there is plenty of speculation regarding what happens next for the company, and for RIVN stock.
Based on how the early-stage electric vehicle maker’s shares are performing right now, it’s clear that the market overall holds an “on the fence” view on the stock.
However, one sell-sider remains optimistic that this EV contender still has a strong chance of proving skeptics wrong. Even as long standing issues persist, the analyst believes the company will become a formidable competitor to Tesla (NASDAQ:TSLA) and the incumbent automakers.
This optimism notwithstanding, there is conflicting evidence whether Rivian can ultimately scale up and become profitable.
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