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Rivian Stock Plummets Amid Downgrade and EV Market Focus

1 min read
Source: Yahoo Finance
Rivian Stock Plummets Amid Downgrade and EV Market Focus
Photo: Yahoo Finance
TL;DR

Rivian Automotive (NASDAQ: RIVN) stock is down 6% after an analyst downgraded its price target by nearly 35% due to a weak 2024 outlook, citing risks to volumes and margins. Despite efforts to ramp up production and improve gross loss per vehicle, concerns about demand, order fulfillment, and achieving a positive margin persist. Investors await the company's Q4 and full-year numbers on Feb. 21 for clarity on its path forward.

Topics:businessfinance#analyst-downgrade#electric-vehicles#finance#production-challenges#rivian-automotive#stock-market
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  1. Why Rivian Stock Is Crashing Today  Yahoo Finance
  2. Rivian (RIVN) Stock Slides Following Deutsche Bank Downgrade  InvestorPlace
  3. Is Rivian Stock a Buy After Today's Big Drop?  The Motley Fool
  4. Rivian, Tesla, Nio: EV stocks in focus  Yahoo Finance
  5. Rivian (NASDAQ:RIVN): Is a Double-Digit Upside in the Cards? - TipRanks.com  TipRanks

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