Rivian stock rallies over 7% as analyst says 'worst has passed'

Shares of Rivian Automotive Inc. jumped more than 7% Wednesday after the electric-vehicle maker wrestled with rising costs as its production picked up, earning some praise from Wall Street.

See... Shares of Rivian Automotive Inc. jumped more than 7% Wednesday after the electric-vehicle maker wrestled with rising costs as its production picked up, earning some praise from Wall Street. See also: Tesla stock resumes rally, as Rivian’s results and broader stock market rally provide support Davidson analyst Michael Shlisky echoed some of that sentiment, saying that “there’s much risk left to navigate.” It was good that production expectations weren’t cut, but there was not enough in the quarterly report to become positive on the stock.

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