Rivian Stock Downgraded Due to Policy Changes and Weaker Sales

Rivian Automotive (RIVN) shares fell in premarket trading after Guggenheim downgraded the stock to 'Hold' from 'Buy', citing negative US Electric Vehicle policy changes and weaker sales of Rivian's R1 model. Analyst Ronald Jewsikow also dropped his price target for RIVN, contributing to the decline in share price.

US EV Policy Changes and Softer R1 Sales

The Guggenheim downgrade reflects concerns over the impact of recent policy changes on the EV market, as well as disappointing sales for Rivian's flagship R1 model. These factors have led to a more cautious outlook for the company's long-term performance and growth potential.

Impact on Rivian Stock

The downgrade and lowered price target from Guggenheim have caused Rivian stock to slide in premarket trading. Investors will be closely monitoring the company's performance and any updates to US EV policies that may impact its future prospects.

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