Lucid steps up competition against Tesla by unveiling a two-seater robotaxi concept called Lunar (no steering wheel!) and a flexible self-driving subscription. Meanwhile, Rivian reveals higher launch pricing for its R2 SUV.
TD Cowen upgrades Rivian to Buy from Hold with $20 price target after strong R2 demand analysis (212K-335K units). Bullish ahead of March 12 reveal as shares dip 20% YTD.
BofA updates ratings on Rivian, Lucid, GM, and Ford. EV startups face headwinds from slower adoption, while traditional giants like GM and Ford benefit from regulatory changes favoring gas-powered trucks and SUVs.
Rivian beat Q4 expectations with better losses and revenue, shares jumped, and the affordable R2 SUV launch in 2026 promises higher deliveries despite ongoing challenges in the EV market.
UBS cuts Rivian to Sell, raises target to $15, and warns that investor expectations around AI and the R2 launch may be too optimistic.
Wolfe Research cuts Rivian to Underperform with a $16 target, citing weaker fundamentals, higher losses, and growing downside risks.
