Rivian (RIVN) Earnings, Wedbush With An Outperform Rating

<p>Rivian Automotive (RIVN) stock price was down over 5% today. RIVN earnings report indicated -$12.21 in EPS versus the -$11.92 estimate. The company is set to begin construction of a second manufacturing facility in Georgia. Wedbush's Dan Ives says that they have an outperform rating on the stock with a $130 price target. He believes that Rivian is in a very strong competitive position on the EV consumer luxury front. </p><p><br></p>