Rivian Has A Lot Of Room To Go Down


  • Rivian has paused the partnership with Mercedes.
  • There is an overall slump in the EV market.
  • Rivian was not doing great before the bad news.
  • Economic decline / recession will likely continue in 2023.

Electric car power charging, Charging technology, Clean energy filling technology.


Electric Vehicle EV maker Rivian (NASDAQ:RIVN) came public recently with much fanfare; however, it ended up being just that – all sizzle and no steak. The Macro backdrop is working against the company in 2023, and there is the beginning of an energy

Data by YCharts


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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