Rivian (RIVN) Stock Trades Down, Here Is Why
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 4.8% in the afternoon session after Cantor Fitzgerald analysts downgraded the stock's rating from Buy to Neutral after it announced underwhelming Q4 2024 earnings. The analysts highlighted key concerns, including "lower vehicle deliveries, fewer EDV [electric delivery van] deliveries, and worsening macro conditions, including the implementation of incremental tariffs and the likely removal of the $7,500 EV Tax Credit."