Rivian Stock Dives After Second Sell Downgrade. Why Its Gains Have Made Wall Street Wary.

Core Viewpoint - Rivian Automotive stock has experienced two downgrades this week, indicating a shift in sentiment among Wall Street analysts towards a more bearish outlook for the electric vehicle maker [1] Company Summary - The Rivian R2 SUV was showcased during an unveiling event on March 07, 2024, in Laguna Beach, California, highlighting the company's ongoing product development efforts [1] Industry Summary - The electric vehicle sector is facing fluctuating investor sentiment, as evidenced by the recent downgrades of Rivian's stock, suggesting potential challenges ahead for companies in this market [1]