Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns

Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. , Rivian Automotive Inc. and China-based NIO Inc. on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. Although Rakesh reiterated his buy ratings on all three EV makers, he cut his stock price targets on Tesla to $1,150 to $1,300, on Rivian to $70 from $80 and on NIO to $48 from $55. Rakesh also slashed his June quarter deliveries estimate

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