Stifel Managing Director Stephen Gengaro spoke with Yahoo Finance anchor Josh Lipton about the outlook for the electric vehicle market.
Stifel analysts initiated coverage of electric vehicle maker Rivian (RIVN) with a “Buy” rating and a $23 price target this week. Gengaro highlighted Rivian’s increasing brand awareness and partnerships as key strengths compared to Tesla and Lucid.
Specifically, Rivian’s R1S SUV and R1T pickup truck are driving awareness and demand. A partnership with Amazon (AMZN) to produce electric delivery vans leverages Rivian’s EV capabilities. Additionally, the planned 2026 launch of Rivian’s R2 vehicle — an affordable crossover — capitalizes on interest in a practical and desired electric option.
While the EV industry has grappled with cost challenges, Gengaro highlights that Rivian stands out with its promising production volume and potential for margin expansion, positioning the company for successful EV manufacturing.
#Tesla #EV #stockmarket
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Congress provided $7.5B for electric vehicle chargers. Built so far: Zero.
EV’s have a niche market. For the vast majority it is simply not a good buy at any price. Criminal to steal $$$ from Peter so Paul can drive an EV!
Rivian are yet to make a dollar of profit and are haemorrhaging billions every quarter. I hope they prevail.
While everyone having fear about this im buying. Fomo will hit end of 2024 into 2025
If I could drive into a station and have my low battery replaced with a fully charged one through some type of fast automation, I might consider a purchase. That would remove long charge time and expensive battery replacement issues.
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Only 20 more days in the year. Can’t wait to see the final sales numbers for the US and globally. I think the Tesla Model Y is going to be the best selling car in the world this year and that will send shockwaves through the industry.
The gas savings are really only a driver of EV sales for those who have a long commute. One family member was spending $800 a mouth on gas so justifying an EV was easy because the savings alone made the payment. However, for work at home folks it’s not. My household is all EV now and we don’t miss just having to stop for gas. I had to buy gas for my sisters car when she came to visit and it was a strange feeling standing at the pump trying to remember how to work it.
Male them smaller like asia
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Technology risk, range anxiety and premium pricing are still putting off potential buyers given the big depreciation hit to owners recently.
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The economic hardship, recession, unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures.
EV’s are dumb and unreliable and can just blow up.