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.
Lucid Group reports Q4 2025 deliveries of 5,345 vehicles, surpassing estimates as new Gravity SUV helps offset expired tax credits and weakening demand for premium EVs.
Rivian delivered 42,247 EVs in 2025, down 18% year-over-year, missing analyst expectations as the company prepares to launch its affordable R2 SUV in 2026.
