Wall Street Turns Cautious on Rivian Amid EV Market Slowdown
Rivian Automotive's stock volatility reflects broader tensions in the electric vehicle sector. While the company's Q3 earnings and upcoming R2 SUV launch initially fueled optimism, an 8% single-day drop has reignited concerns about consumer adoption hurdles.
Range anxiety and premium pricing continue to dampen EV demand, with legacy automakers now pivoting resources toward hybrid models. This recalibration suggests the industry may face a prolonged transition period before achieving mainstream penetration.