Rivian stock gets double downgraded after Q4 earnings

Rivian Automotive Inc (NASDAQ: RIVN) is down another 10% on Friday after a UBS analyst double downgraded the EV maker to “sell”.Rivian stock could tank another 20%Copy link to sectionJoseph Spak trimmed his price objective on the electric vehicles company as well from $24 to $8.0 which suggests another 20% downside from here. His super bearish call arrives only days after $RIVN came in well short of analysts’ forecast for full-year production.A rapidly changing EV backdrop causes us to reassess our demand v ...