Mizuho Downgrades Rivian Stock on Slowing EV Demand
Mizuho cuts Rivian rating to Underperform with $10 price target, citing expiring tax credits, weak EV demand, and lower 2026 delivery forecasts amid market headwinds.
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General Motors Takes $1.6 Billion Charge to Right-Size EV Capacity
GM booked a $1.6B charge, reducing its EV production plans. Demand is slower than expected due to gov't ending tax credits and changing rules.
Lucid Hits Speed Bumps: Why Deliveries Missed the Mark and Analysts Are Concerned
Lucid missed Q3 deliveries by ~18%. Stock dropped >9%. Analysts downgraded to "strong sell" citing weak demand, cash burn, and high costs.
Rivian Lowers Annual Delivery Forecast Again
Rivian sales jumped due to a tax credit rush, but they cut their yearly delivery forecast. Costs are rising, making future profits tough.