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RIVN Shares Plunge 46% YTD: How to Play the Stock for 2025?
RIVNRivian Automotive(RIVN) ZACKS·2024-12-19 14:20

Shares of California-based electric vehicle (EV) maker Rivian Automotive (RIVN) are having a rough run on the bourses this year. Year to date, the stock is down 46%. Much of the decline is part of the broader struggles in the EV space. Lofty expectations for rapid adoption have been tempered by reality. Limited charging infrastructure, high vehicle prices and economic uncertainties have slowed EV demand. Adding to the complexity, the potential expiration of federal EV tax credits and an unfriendly stance to ...