Why This Analyst Expects Rivian's 2023 Production Guidance To Go Higher In October
Portfolio Pulse from Shanthi Rexaline
Rivian Automotive (RIVN) is expected to benefit from the ongoing United Auto Workers union strike, with Future Fund's Gary Black predicting that the company's 2023 production guidance of 52,000 will increase in October. Black believes Rivian will dominate the pickup truck and SUV market in the U.S. during the strike. Other companies such as Tesla (TSLA), Ford Motor Co. (F), General Motors Corp. (GM), and Stellantis N.V. (STLA) are also mentioned in relation to the strike.
September 18, 2023 | 12:11 pm
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NEGATIVE IMPACT
Ford could be negatively impacted by the ongoing UAW strike.
Ford, being a unionized company, could potentially face challenges due to the ongoing UAW strike.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
General Motors could be negatively impacted by the ongoing UAW strike.
General Motors, being a unionized company, could potentially face challenges due to the ongoing UAW strike.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Stellantis could be negatively impacted by the ongoing UAW strike.
Stellantis, being a unionized company, could potentially face challenges due to the ongoing UAW strike.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rivian's production guidance for 2023 is expected to increase due to the UAW strike.
The ongoing UAW strike is expected to benefit Rivian as it could potentially dominate the pickup truck and SUV market in the U.S. during this period. This could lead to an increase in the company's 2023 production guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla could emerge as a big winner from the UAW strike.
Tesla, being a more automated and non-unionized company, could potentially benefit from the ongoing UAW strike.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70