Citi has downgraded its rating for Rivian to neutral, highlighting concerns over potential risks tied to the launch of its R2 model. The decision reflects apprehension about execution challenges and market reception amid a competitive electric vehicle landscape. Analysts note the company’s heavy reliance on this new vehicle for future growth, raising questions about its ability to meet demand. Investors will be watching closely as Rivian navigates production hurdles and consumer adoption in a rapidly evolving industry.
Citi Starts Rivian at Neutral, Citing R2 ‘Launch Risks’ eletric-vehicles.com
